Protect your Credit Score
Credit card companies often report credit card activity to credit bureaus once a month, right after the billing cycle.
Paying off the entire balance before the statement gets generated can show up as a low or zero credit utilisation ratio, and may negatively impact your credit score.
A good credit score is crucial for financial health. It helps you secure loans at better interest rates and even influences your rental applications.
So, while paying off your credit card debt is important, timing it right is equally crucial.
Did you know that more than 11% of credit card holders miss their due date and have to face huge penalties for late payments?
Don't let this happen to you! Always pay your dues on time and build your credibility overtime.
For those who wish to level up their Credit card bill payment experience:
Get timely payment reminders & ensure on-time payments always.
Never miss a due date again.
Enjoy other perks like 1% real cashback and multiple card management, to name a few.
All this and more, when you pay your Credit card bills on MobiKwik!
Stay tuned for more tips to improve your credit score and finances.
Download MobiKwik Now!
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9moMobiKwik The major thing which affects the credit score is working with a fraud and pathetic company and Mobikwik is one such pathetic and fraud company that anyone and everyone would fall short of words to describe about. I was an employee of this company and was hired as senior manager collections on papers however I was told I would be working in the capacity of director operations by the VP collections who was actually the worst person I have ever met in my entire career as when ever he would talk his conversations would be full of abusive language and threatening statements. He would want every single person in the team to take his permission to do smallest thing. When the same was escalated to the top management no action was taken and at the end I had to leave this organisation in just a months time. So I think expecting something from this organisation is useless as a customer because the organisation which can't take care of employees won't be able to serve customers as well. This organisation has not even released my dues and it's 8 to 9 months now that they are not releasing it. I know would get a messsage now from their social media team that we have forwarded the details to concern team and they would get back when?