Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • IndusInd Bank Credit Card Statement

    All credit card issuers send you a credit card statement at the end of each billing cycle. This is a summary of all transactions made using your credit card. This credit card statements information like total due amount on the card, transaction details, the minimum due amount, and, and also the due date of your credit card bill.

    How to Read an IndusInd Bank Credit Card Statement

    Due date of your credit card bill
    • In your credit card statement, you will be able to see the due date.
    • This is the date by which you will have to pay either the total due amount or the minimum due amount.
    • If there is a delay in making payments, late fees may be charged and your credit score will be affected.
    Credit card statement period
    • On the credit card statement, you will be able to see the statement period.
    • A statement period is very important as it indicates the interest-free days on your credit card.
    • When you use your credit card, you will not be charged interest if you repay the entire due amount within a certain period of time.
    • A statement period will help you calculate the interest-free days within which you can make the payment and pay nothing additional.
    • This section of the credit card statement lists the total charges that have been levied on your card.
    • Read through this section carefully as it will help you identify any fraudulent transactions made via your credit card.
    The total due amount and minimum due amount
    • On the top corner of your credit card statement, you will be able to see the total due amount and the minimum due amount.
    • The total due amount is the total outstanding amount that is due on your credit card.
    Debit and credit transactions
    • In your credit card statement, you will be able to see all the debit and credit transactions of your card.
    • The debit transactions indicate the payments you made using your credit card and the credit transactions indicates the refunds you received.

    Features of IndusInd Bank Credit Card Statement

    • Billing statements are issued through offline and online means.
    • Download, access and save e-statements anytime anywhere at your convenience.
    • e-statements are free of cost. The platform for issuing e-statements is faster, customer-friendly and convenient.
    • Credit card statements can be a better means for people who would like to know more about newly launched offers.
    • E-statements can be accessed through all devices, be it a laptop, a smartphone or a computer.

    Registration Process of Obtaining Electronic Credit Card Statements

    • Enter your first name.
    • Enter your last name.
    • Provide your contact number.
    • Furnish your credit card number.
    • Authenticate your details.
    • Accept the terms and conditions and then click ‘Submit’.

    Parts of a Credit Card Statement

    Statement of the card Past Dues
    • Credit Limit
    • Total dues
    • Available credit limit
    • Available cash limit
    • Minimum amount due
    • Payment due date
    • Minimum amount due
    • Current dues
    • One month
    • Over limit
    • Three months+
    • Two months +
    Rewards points summary Account Summary
    • Earned points
    • Opening and closing balance
    • Disbursed points
    • Adjusted points
    • Opening and closing balance
    • Details of payments made
    • Finance charges
    • Total dues
    • Date of transaction
    • Description of transaction

    Credit card statements should be checked thoroughly because they may have errors sometimes. There can be major errors or minor errors. Errors in your credit card statements can be resolved. Use the following tips:

    • Keep you purchase receipts ready and compare them with the billing statement.
    • An adjustment transaction must be made in the history of account for deviations.
    • Errors in statements should be reported to concerned merchants. They will resolve issues for you.
    • Complaints must be brought to the attention of IndusInd Bank if merchants fail to resolve your complaints.

    Types of Errors in a Credit Card Statement

    • Financial details
      • Date of a transaction
      • Amount of a transaction
      • Actual payment made
      • Transaction summary
      • Merchant details
      • Account summary
    • Personal details
      • Name
      • Mobile number
      • Email address
      • Billing address

    FAQs on IndusInd Bank Credit Card Statement

    1. Can the payment due date fall on a non-business day?
    2. The payment due date may fall on a non-business day. If your payment due date falls on a non-business day, the immediate business day is considered as the payment due date for you.

    3. What are the consequences of missing a payment due date?
    4. Late remittance fees are imposed on your credit card account if a payment is missed on a payment due date. Late payment charges will overburden the financial obligation of an individual.

    5. Can I obtain my credit card statements online?
    6. Yes. You can. You have to register online for this service. In fact, many credit card users prefer obtaining statements online. This service is freely offered by IndusInd Bank.

    7. How can I know if my e-bill is ready?
    8. You shall get an email notification to the registered email address whenever an e-bill is ready. Also, you have an option to cancel this facility.

    9. Can the hard copies of credit card statements be stopped?
    10. Yes. You need to login to the online banking facility of IndusInd Bank to leave a request for stopping the hard copies of credit card statements.

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