Changing the billing cycle has been possible for some credit cards but the process used to be a long one. But, a recent RBI rule made it mandatory for all credit card issuers to provide such an option. We now have an online option to change the billing cycle and statement date for HDFC Bank credit cards.
Option Not Available Anymore
This option is not available anymore on HDFC Bank MyCards. But, we can still change the billing cycle of HDFC Bank credit cards by calling Phone Banking.
Change Statement Generation Date on HDFC Bank MyCards
- Open u003cspan style=u0022text-indent: -1em; font-size: 1rem;u0022u003eHDFC Bank u003ca href=u0022http://mycards.hdfcbank.comu0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003eMyCardsu003c/au003e on your mobile.u003c/spanu003e
- Enter your mobile number and log in.
- On the home page, click on ‘View Card Summary’
- Then click on the ‘Change Statement Generation Date’ link
- Select the new bill generation date from the calendar dropdown. You can choose any date between the 2u003csupu003endu003c/supu003e and 28u003csupu003eth u003c/supu003eof the month.
- For example, if you select 2u003csupu003endu003c/supu003e it means that your statement cut-off will be the 1u003csupu003estu003c/supu003e of every month.
- Confirm in the next window and your new statement generation date will be set.
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What should you choose as the bill generation date?
I prefer to set the statement generation date to the 2nd of a month. This aligns the bill with the salary credit date. So, easy to plan and pay it off. The second advantage is this allows better tracking of monthly spending for milestone rewards and spend offers.
You can set whichever date gives you better flexibility in planning your finances. 🙂
Got a new card I just want to know when will my statment will be generated but I am not able to find it in the card summary.
I did the same as given here. But the billing date of my hdfc card was not changed.
This option has been withdrawn. We can still do a billing cycle change by calling phone banking.
Not getting the option now anymore
This option has been withdrawn. We can still do a billing cycle change by calling phone banking.
Wrong info…this option is not available anymore.
This option has been withdrawn. We can still do a billing cycle change by calling phone banking.
what I do if this option not showing the card summary menu
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Perfectly given steps. Very useful.