We Financially Help For Credit Card Bill Payment

Credit Card Bill Payment is the biggest headache to all the users. Its easy to use Credit Card but hard to repay.

Credit Card Bill Payment is the biggest headache to all the users. Its easy to use Credit Card but hard to repay.

From here, The Game of Card issuing Bank begins.

It usually happens that You may don’t have funds to Pay the CC Bill on the due date. At this time you may choose the simple way of “Minimum Payment”.

But This is the worst option.

1. High-Banker Charges – if you don’t make full payment of your Credit Card bill, you’ll have to pay interest and other various other charges on your outstanding balance. It can be from 5% up to 9% as “Minimum Payment.” It is more expensive than other forms of borrowing.

2. Damages your credit score – Even after paying high charges as Minimum Payment, your CIBIL score effect badly. The amount of Bill is reported to CIBIL as Overdue Amount From the date of use and it affect your ability to borrow money in future.