Account Closure
Permanent closing of a card account.
Tag
#billing
Account Suspension
A temporary block on card usage.
Billing Hold
A temporary hold on the account.
Pre-Statement
An interim statement before the actual statement date.
Auto-Suggested Pay
An issuer-suggested payment amount.
Billing Aggregator
A service bundling bill payments via cards.
Account Upgrade
Moving to a higher-tier card with more benefits.
Retention Offer
A benefit offered to retain the cardholder.
Retention Call
A call to issuer to retain the card.
Goodwill Waiver
A fee waived as a customer service gesture.
Fee Reversal
Reversal of a penalty or charge.
Annual Fee Reversal
Reversal of an annual fee charged.
Over-Limit Opt-Out
Declining consent for over-limit transactions.
Over-Limit Opt-In
Consent for allowing over-limit transactions.
Payment Currency
The currency in which you pay the bill.
Billing Currency
The currency in which the card is billed.
Insta Card EMI
An instant EMI on card purchases.
Insta Loan
An instant personal loan via the card account.
Loan on Card
A personal loan disbursed to a credit card account.
Settlement Account
The bank account from which card bills are paid.
Part Prepayment
A partial payment before the statement date.
Prepayment
A payment made before the statement is generated.
Interest Saver Account
An account for prepaying balance to save interest.
Opening Date
The date a billing cycle begins.
Closing Date
The date a billing cycle ends.
Adjusted Balance Method
An interest calculation using prior balance minus payments.
Previous Balance Method
An interest calculation method using prior balance.
Average Daily Balance (ADB)
The average balance used to calculate interest.
Interest Calculation Method
The method for calculating interest on balances.
Card Cycle Date
The date each month when billing closes.