Sharan may have had his heart broken 💔 but you can save yourself from financial heartbreaks by paying your credit card dues on time.
Late payment of credit card dues brings both penalty and interest charges where the interest rates can be as high as 42% per annum, not to mention a drop in your credit score ⬇️
Since the impact of non-payment of credit card dues on time is too large, the RBI has required all banks to give an additional 3 days after the bill due date to pay your credit card dues. So, if you haven’t automated your credit card payments, make sure to pay within 3 days of the bill being due.
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#financewithsharan #creditscore #creditcard #creditcards #creditcarddebt #moneymanagement #investingforbeginners #personalfinance
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