I have payed more than minimum due amount (but less than the statement amount) before the due date for my Ace Credit card. Axis bank charged interest +GST. Will this be reported as missed payment to CIBIL/other Credit bureau?
Few people say they will and few say they wont. I am confused. Please clarify
I tried to call the customer care to waive the charges and they denied as it is genuine charges. I am fine to pay the interest charges + GST. But, I don't want this to be reported as missed payment in my credit report (as I have paid the mininum due).
only if you fail to pay at least the minimum amount due within the grace period of 3 days from the due date, it will be reported.
@narayana1dd249 Thank you for the confirmation! Really appreciate it.
Is this rule different across the banks? Axis is not that user friendly. That's why this doubt.
pashok wrote:@narayana1dd249 Thank you for the confirmation! Really appreciate it.
Is this rule different across the banks? Axis is not that user friendly. That's why this doubt.
If minimum dues are paid, no report will be made to cibil.
If minimum dues are not paid, report will be made to cibil.
Across all banks
Thank you @ConfirmPassword
This rule is framed by RBI for all banks. Any violation, you can approach RBI ombudsman.
