MoneyLens / Credit cards
Your card, explained.
Credit card · Tapti Rewards Card · Tapti Bank Ltd · ••••4417
Illustrative
Your card statement
Statement5 Oct
Total amount due
₹35,126
By 25 Oct 2026 · 7 days left
Minimum due
₹1,756
Avoids a late fee, not interest
Interest this month
₹1,250
+ GST · 3.60% a month
Card rate a year
52.9%
3.60% a month, compounded
23.4% of your ₹1,50,000 limit used₹1,14,874 available
Pay ₹35,126 by 25 Oct 2026 to stop further interest. Paying only the minimum would take 22 years 1 month and cost ₹1,34,361 in interest and GST.
Myra's most important observations
Your statements over time
3 statements · Aug 2026 – Oct 2026₹0
₹1,121
₹3,126
Aug 2026Sep 2026Oct 2026
InterestFeesGST
| Statement | Total due | Paid by the due date | Bill | Interest | Fees |
|---|---|---|---|---|---|
| 5 Aug 2026 | ₹26,000 | ₹10,000 | Minimum or more | ₹0 | ₹0 |
| 5 Sep 2026 | ₹40,000 | ₹30,000 | Minimum or more | ₹950 | ₹0 |
| 5 Oct 2026 | ₹35,126 | — | Current | ₹1,250 | ₹1,399 |
“Paid by the due date” comes from the payments on the following statement. Only totals and dates are kept; a statement's transactions, when read, are turned into totals and not stored.
Interest on this statement, rebuilt
Checks out- Carried from the last bill (₹39,829 × 30 days)₹1,414
- Payments and refunds, from their dates−₹391
- New purchases, from their dates₹130
- Last month's purchases, from their dates₹95
- Myra's rebuild₹1,249
- Charged on the statement₹1,250
The last bill wasn't paid in full: interest at 0.11836% a day on the carried balance for 30 days, and on each amount from its date. Banks count days and posting dates slightly differently, so a difference up to ₹100 counts as checking out. Amounts are rounded to the rupee. Your transactions were read for this and not kept.
This statement, line by line
Adds up- Previous balance₹40,000
- −Payments and credits₹30,000
- +Purchases and other debits₹22,000
- +Interest₹1,250
- +Fees and charges₹1,399
- +GST₹477
- Total amount due₹35,126
- Minimum amount due₹1,756
Charges on this statement
2 to check| Line | Amount | Status |
|---|---|---|
| Finance charges | ₹1,250 | Interest |
| Late payment fee | ₹1,200 | To check |
| Card protection plan | ₹199 | To check |
| IGST @18% | ₹477 | Tax |
Card Cost Intelligence
What Myra checked across your statement and the card's terms.
| Check | What Myra found | Status | Source |
|---|---|---|---|
| Late fee | A ₹1,200 late fee, though you paid at least the minimum by the due date | Finding | Statement p.2, Transactions · Statement p.1, Account summary |
| Charge to check | "Card protection plan" of ₹199 isn't in your card's schedule of charges | Finding | Statement p.2, Transactions · Schedule of charges p.5, Schedule of charges |
| Minimum due | Paying only the minimum would take 22 years 1 month and cost ₹1,34,361 in interest and GST | Verified | Statement p.1, Account summary · KFS p.1, Interest |
| Interest charged | ₹1,250 interest this month: ₹10,000 of the last bill was carried over | Verified | Statement p.1, Account summary |
| Real interest rate | 3.60% a month is 43.2% a year, about 52.9% with monthly compounding | Verified | KFS p.1, Interest |
| Payment due | Pay ₹35,126 by 25 Oct 2026 to stop further interest (7 days left) | Verified | Statement p.1, Account summary · Statement p.1, Statement summary |
| Card fees | ₹499 joining fee · ₹999 a year (+ 18% GST) | Verified | KFS p.1, Fees |
| Spending abroad | Every ₹1 lakh spent in a foreign currency costs ₹4,130 extra | Verified | Schedule of charges p.4, Foreign currency · Statement p.2, Transactions |
| Cash withdrawals | Withdrawing ₹10,000 in cash and repaying in 30 days costs about ₹1,009 | Verified | Schedule of charges p.4, Cash advance · KFS p.1, Interest · Statement p.2, Transactions |
| Statement adds up | The statement adds up | Verified | Statement p.1, Account summary |
What a late payment triggers
RBI card rulesDue date
Pay at least the minimum
No late fee. Interest still runs on anything left unpaid.
Up to 3 days late
Grace
No late fee, and the card can't be reported as past due yet.
From day 4
Late fee
A late fee by the card's table, worked out on the amount unpaid after the due date. The account can be reported to credit bureaus as past due.
90 days
Serious default
If the minimum due stays unpaid, the account can be treated as non-performing and the card blocked.
Rules applied: RBI's credit card directions for banks (2022, re-issued for commercial banks in 2025).