Should I pay my credit card bill

Should I pay my credit card bill

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Deal Cadet
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Hello everyone, I made a txn of 38k on 18th march with my sbi credit card and owing to lockdown the order got canceled and refund received today i.e 1st April. The monthly statement generated on 19th March and 38k txn got billed. Now since the refund has been processed should I pay my bill (including 38K) or should I avoid it. Please advise as I can’t speak to customer care
PS: Total Limit is 55k

27 Comments  |  
16 Dimers
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Deal Lieutenant
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No need to pay if amount is refunded before due date

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Deal Cadet
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FYI

Dear Customer, Jan 21, 2020

Greetings from ICICI Bank.

We have received merchant credit refund on your ICICI Bank Credit Card XX9004 for INR 4499 on January 20, 2020 from FLIPKART PAYMENTS.

We wish to inform you that this refund will not be considered as payment. Hence, we request you to pay the Minimum Amount Due by the due date.

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Deal Cadet
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Abhinav_Pune wrote:

No need to pay if amount is refunded before due date

It is opposite bro. OP has to pay in this case otherwise be ready for fine.

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Deal Lieutenant
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rockingneo wrote:

It is opposite bro. OP has to pay in this case otherwise be ready for fine.

No it won’t be. But he can reconfirm with cc.

Because outstanding amount will be zero on card

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Deal Cadet
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U have to pay bro the same thing happened to me 1 year back in sbi I dint pay and I got fine also and affected my score also

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Deal Lieutenant
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rockingneo wrote:

FYI

Dear Customer, Jan 21, 2020

Greetings from ICICI Bank.

We have received merchant credit refund on your ICICI Bank Credit Card XX9004 for INR 4499 on January 20, 2020 from FLIPKART PAYMENTS.

We wish to inform you that this refund will not be considered as payment. Hence, we request you to pay the Minimum Amount Due by the due date.

I haven’t seen these kinds of msg from any of my cc.

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Deal Cadet
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My problem is I dont have extra money as I havent received my salary yet. Also I cannot confirm with customer care as they are only taking call for dispute txns and blocking of the card and not entertaining these kind of enquires

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Deal Cadet
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Abhinav_Pune wrote:

No it won’t be. But he can reconfirm with cc.

Because outstanding amount will be zero on card

I have already post the official ICICI reply on this matter as it is received in email.

Missing
Analyst
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In this case Pay only minimum amount due plus all pending amount if any except 38k (refund already u got credited in the card as u said) 

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Deal Cadet
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I think I have read similar problem in a thread earlier. I remember OP had got fined with late fees and interest too.
In your case amount is quite big. Intrtest would also be quite a bit.
Try and speak to them and make sure you don’t getting fined.

Missing
Deal Cadet
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Been in this situation many times,
you just need to pay minimum amount due, rest will get adjusted
you can use the amount u pay somewhere else later on

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Deal Lieutenant
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CitiBank and HDFC adjust refund against last bill – myExp
Other banks like ICICI does not adjust.
pay minimum amount due

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Blogger
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pay minimum amount plus some extra manually before due date.

and just pray

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Deal Cadet
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karanoshan wrote:

Been in this situation many times,
you just need to pay minimum amount due, rest will get adjusted
you can use the amount u pay somewhere else later on

What about interest, were u charged interest from the purchase date till refund date?

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Deal Cadet
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caks2006407 wrote:

CitiBank and HDFC adjust refund against last bill – myExp
Other banks like ICICI does not adjust.
pay minimum amount due

Even though citi has same t&c mentioned where they say merchant credits arent considered towards payments, just remembered they did adjusted it once for me

Missing
Deal Cadet
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Happened with me.
Open SBI app
See if Ur card is showing credit limit full 55k

If u have 55k u don’t need to pay.

If Ur credit limit is (55k-refund amount). in this situation u need to pay remaining amount.

Missing
Community Angel
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Pay at least minimum amount due + other spent amount.

Butt, I wonder why transaction done on 18 is billed on 19. Transactions settlement takes 2-3 day and settled TXNs only billed, not unsettled one (RPs also credits after txn is settled). For me transactions done 1 day before statement date are not billed in that cycle and billed in next cycle only.
OP, What is you statement date ?

P.S : Above analysis is only for SBI CC and done by me only to win ANALYST badge for 2020 laughing

P.P.S : Those who consider Later part of P.S as humour/entertainment can nominate me for entertainer badge as well next year. As now @P_A_N_K_A_J is now taking 1000 per comment, though I am not interested in Entertainer badge.

laughing
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Shopping Friend
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_One_Miller_ wrote:

Pay at least minimum amount due + other spent amount.

Butt, I wonder why transaction done on 18 is billed on 19. Transactions settlement takes 2-3 day and settled TXNs only billed, not unsettled one (RPs also credits after txn is settled). For me transactions done 1 day before statement date are not billed in that cycle and billed in next cycle only.
0P, What is you statement date ?

P.S : Above analysis is only for SBI CC and done by me only to acquire ANALYST badge for next year laughing toungueout

P.P.S : Those who consider Later part of P.S as humour/entertainment can nominate me for entertainer next year as P_A_N_K_A_J is now taking 1000 per comment, though I am not interested in Entertainer badge.

laughing

Just got the message from SBI with this FAQ link :-

https://www.sbicard.com/en/faq/covid-19-regulat...

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Deal Cadet
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Just check available credit limit, if it matches with total credit limit then no need to worry…

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Entertainer
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_One_Miller_ wrote:

P.S : Above analysis is only for SBI CC and done by me only to win ANALYST badge for 2020 laughing

P.P.S : Those who consider Later part of P.S as humour/entertainment can nominate me for entertainer badge as well next year. As now @P_A_N_K_A_J is now taking 1000 per comment, though I am not interested in Entertainer badge
Looking in London talking to Tokyo 😵😵

laughing

U can become ANAL-LISER with different method.
The cornhub.org website have very useful and informative videos. Check them🥰

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Community Angel
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P_A_N_K_A_J wrote:

U can become ANAL-LISER with different method.
The cornhub.org website have very useful and informative videos. Check them🥰

I am on 8 Days NoPorn Change.

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Entertainer
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_One_Miller_ wrote:

I am on 8 Days NoPorn Change.

🥺😢😭 bhai jan mang lete khusi se de dete apne to humse hamara gurur hi chin liya

https://cdn0.desidime.com/attachments/photos/610847/medium/6588168giphy-5.gif?1585822360

Missing
Community Angel
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P_A_N_K_A_J wrote:

🥺😢😭 bhai jan mang lete khusi se de dete apne to humse hamara gurur hi chin liya

https://cdn0.desidime.com/attachments/photos/610847/medium/6588168giphy-5.gif?1585822360

Good.

Missing