Is Cashback Credit for Axis Flipkart Credit Card considered as Payment?
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I got around 3000rs as cashback for using Axis Flikpkart Credit Card and my bill generated for that month was 2800 smthng.
So I didnt make any payment since the cashback itself was more than 2800. Does Axis consider this or it would come as not paid ?
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Damn Due date was 6th Dec, I didnt pay since I saw my remaining balance was already above my limit
Generally axis Flipkart cashback is credited before 2-3 days of next month bill generated so in most case it gets automatically adjusted as u get bill after deducting the cashbcak amount. Just check transaction that it is the only credit or any other credits are there
No this was just my second statement. no cashback mentioned in Statement.
Cashback got credited after 2 days from Bill generation.
Paid first statemen of ~75k in full in Oct 18
Second statement of ~2.8k received in Nov18
Received cashback of ~ 3k after 2 days of second statement Nov 20
Not used the card after that, due date was Dec6
Terms and conditions mentioned as…
Non-customer initiated payment/credit such as Merchant refund/cashback charge reversals etc. received into the credit card account will not be considered as a payment towards the outstanding of the card. However, such credits will be considered to compute the subsequent month’s dues. @IamRage
Thanks this would be my first miss then in 4 years of CC use, never had a cashback card
Offtopic -Is cashback considered as payment in IDFC and HDFC bank?
@caks2006407 @sri222 @aam_aadmi
@Tjs15 @RSHARMA966
Yes, CB is always considered as payment(exception being Onecard), only confusion is with order refunds which some banks consider as payment and some do not
@sri222 I received the statement today and as expected late payment fee was charged but I don’t see an entry for interest charged.
Due Date was 6th Dec , but I paid only on 12th Dec
Current Due is 3800 Cr , I don’t understand why they didnt take interest or does it comes in next statement?
Better make minimum payment.