InvestorQ : What happens if I delay my credit card payment?
Diya Chitale made post

What happens if I delay my credit card payment?

Answer
image
simran Kaur answered.
2 years ago
Follow

Delaying your credit card payment will result in the bank levying late payment fees and heavy interest rates.

It is advised that you pay off your credit card bills in time to not pay the steep interest charges, which often tends to increase your payment amount manifold.

With every delay, you are causing your repayment amount to snowball in to a huge amount that will make repayment that much tougher.

2 Views