Repayment of Credit Card Dues
Date 23-Jan-2021 Subject: Repayment of the Credit card dues. Usage of credit card has been increased worldwide, since its launch in western countries. It has been seen as plastic money where holder of the credit card can use the Bank's provided limit and do the purchasing of the products and/ or services. Credit card have repayment cycle which range from 30 days to 55 days, depending upon the card and banks. After the purchase or usage of the credit limit, one need to make the payment before or on the due date of the credit days, other wise bank may charge penal interest on non payment of the utilized amount. Repayment of the dues can be done in the following ways, · Internet banking (Credit card issuer) · Cheques · Cash payment- Branch Visit · NEFT-RTGS from different bank · Auto de...