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Is it possible to settle my credit card bill just before the billing statement is generated?

 

Is it possible to settle my credit card bill just before the billing statement is generated?

Before the credit card billing cycle completes, meaning before the bill is generated, many people want to know if they can pay the current outstanding amount. Yes, absolutely. If a credit card holder wishes, they can settle their entire outstanding balance before the bill is generated for their credit card. This means that after the bill is generated, there will be no need to pay it, and they may even avoid accruing interest charges.

 

However, it's worth mentioning that there might be significant limitations in cases where the amount of money owed on the credit card exceeds the total credit limit. In such cases, it's advisable to seek advice from the card issuer before taking any further steps.