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            <title>
									Introduction of option to modify Credit Card billing cycle - Digital Banking				            </title>
            <link>https://canfin.in/samadhan/digital-banking/introduction-of-option-to-modify-credit-card-billing-cycle/</link>
            <description>Canfin Discussion Board</description>
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                        <title>Introduction of option to modify Credit Card billing cycle</title>
                        <link>https://canfin.in/samadhan/digital-banking/introduction-of-option-to-modify-credit-card-billing-cycle/#post-24</link>
                        <pubDate>Thu, 19 Sep 2024 16:58:56 +0000</pubDate>
                        <description><![CDATA[Currently, Canara Bank offers a single billing date to customer, based on the Network type:

Master Card/ Rupay - 18th of every month
Visa - 20th of every month

To comply with regulato...]]></description>
                        <content:encoded><![CDATA[Currently, Canara Bank offers a single <strong>billing date</strong> to customer, based on the Network type:<br />
<ol>
<li>Master Card/ Rupay - 18th of every month</li>
<li>Visa - 20th of every month</li>
</ol>
<p>To comply with regulatory requirements and enhance customer convenience, Canara Bank introduced <strong>additional billing cycle</strong> as outlined below:</p>
<ol>
<li><strong>MasterCard/ Rupay</strong><br />Billing date: 14th of every month<br />Payment Due Date: 4th of succeeding month</li>
<li><strong>Visa</strong><br />Billing date: 16th of every month<br />Payment Due Date: 6th of succeeding month</li>
</ol>
<p>Customer can now request a change in their billing cycle <strong>through branch</strong>. The option will also be introduced in other channels (Mobile/Internet Banking) subsequently.<br /><br /><strong>Conditions for Existing Customers:</strong></p>
<ol>
<li>No existing billing cycle change request should be pending.</li>
<li>At least one billing cycle should be completed before billing cycle change request.</li>
<li>Card should not be in overdue status</li>
<li><strong>Billing cycle change should be allowed only once.</strong></li>
<li>There should be no outstanding balance on the card.</li>
<li>There should not be any ongoing EMI on the card.</li>
<li>There should not be any accrued interest.</li>
<li>Card status should be Open/Temporarily Blocked.</li>
<li>Card should not have any open request for Reissue, Replacement and Swap.</li>
</ol>]]></content:encoded>
						                            <category domain="https://canfin.in/samadhan/digital-banking/">Digital Banking</category>                        <dc:creator>Chintan Patel</dc:creator>
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