Why are you looking for this info? Is it for IT Reasons? If it is, then it doesn't matter how much your yearly spends are, they only care how much you pay for it(after 10 lacs, it gets reported).
Let's say you spend worth 1 lakh on the card, get a refund for 5k, and prepay 50k. Your bill is 45k, but the expenses on the card is 95k. Whatever goes out of your card (unless it is refunded) is an expense.
Keep in mind, some types of expenses or some merchants can be excluded from spend threshold offers, if that's what you're counting for.
It's as simple as 123
You've a credit card, let's say credit limit is Rs. 1 lac/lakh and your credit card's statement cycle is from 16th of month till 15th of next month
So, let's say you've spent Rs. 90,000 till 12th of a month ... your current credit limit will show Rs. 10,000 available to spend. If you don't spend more, on 15th, your statement will be generated and bill will have due as Rs. 90,000. In case you pay bill of Rs. 40,000 on 12th and don't spend any amount going forward, on 15th, your statement will be generated and total due will be Rs. 50,000.
It's pure basic mathematics, your credit limit is your tank of water, use it, refill it. On the day of statement, whatever amount of water will be left, you'll be conveyed the same through statement and you need to refill it by due date.
If you're someone who doesn't repay any amount before bill generation, you can safely assume whatever is the bill amount, that's the amount you spent on that credit card in that particular statement cycle. If you're someone who repays some amount to keep your credit utilization under 30%, then you can't assume your credit card spends as amount conveyed at the time of bill generation. So, this will be misguiding if you're someone who's tracking things like milestone reward or annual fee waiver. In such case, manually calculate this or possibly some banks like ICICI Bank displays annual fee waiver stats within iMobile app.
I hope this is the clarification you were looking for and I didn't go into other direction and explained something else.
Yess, but I'm asking about credit card expenses whether total credit card expenses in a year are calculated according to the actual credit card expenses or the sum of all bills generated every month?
You will have to clarify "month" here.
There is "calendar month" and there is credit card "statement month". The credit card bill is generated in the "statement month".
I am guessing you read somewhere or someone told you about monthly credit card expenses in the context of credit score. If so, you would need to consider "statement month"
I meant statement month!
Both are same
No, if you prepay some amount before bill generation, then the actual spends from the credit card differ from bill generated amount!
Why are you looking for this info? Is it for IT Reasons? If it is, then it doesn't matter how much your yearly spends are, they only care how much you pay for it(after 10 lacs, it gets reported).