What are the Consequences of Making a Late Credit Card Bill Payment?

Credit cards have emerged as one of the most popular modes of payment in India in recent times. The data published by Reserve Bank of India states that the total transaction value of credit cards in FY 2018-19 is amounted to around Rs.6 lakh crore. This is a 30% surge over the previous financial year. A primary reason behind the emergence of the credit card’s popularity is its interest-free bill...