Several people are curious about whether they can settle their current outstanding balance on a credit card before the billing cycle completes, i.e., before the bill is generated.
Yes, absolutely. A credit card holder can indeed pay off their entire outstanding balance before the bill is generated. This allows them to avoid the need to pay off the bill later and even potentially escape the hassle of accruing interest.
However, it's important to note that there may be significant
limitations when it comes to depositing more money on the credit card than its
total limit. In such cases, it's advisable to seek advice from the card issuer
before taking further action.
