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what is the meaning of CAPITALIZED FIN CHG BI(EXCL TAX) in SBI Credit Card Statement ?

"CAPITALIZED FIN CHG BI(EXCL TAX)" in an SBI Credit Card Statement likely refers to the capitalized finance charge before tax.

Here's a breakdown of what each part of the term might mean:

CAPITALIZED: This suggests that the finance charge has been added to the outstanding balance on the credit card account, increasing the total amount owed. When a finance charge is capitalized, it means that instead of being paid immediately, it is added to the balance and becomes subject to further interest charges.

FIN CHG: This is an abbreviation for "finance charge," which is the fee charged for borrowing money or using credit. In the context of a credit card, finance charges typically arise from carrying a balance from one billing cycle to the next.

BI: This could stand for "Billing Cycle," indicating that the finance charge is related to the previous billing cycle's outstanding balance.

(EXCL TAX): This part clarifies that the amount mentioned does not include any applicable taxes. In some jurisdictions, finance charges may be subject to taxes, but in this case, the stated amount does not include tax.