In India the interest on housing loan, personal loan, education loan .. all have been reduced, but the?
interest charged by the credit cards Banks are too high. What could be the reason for such high interest rates?
If you swiped your credit card for shopping or any other purpose, you should need to pay the amount within 45 days. If not paid within 45 days, the credit card company will charge high rate of interest for you drawn amount. It’s better to pay with in stipulated date and reduce the charge, this is the best solution.
After paying with a stipulated date, if they are charging high amount. You ask for justification for the extra charge. By this way you find the reason for cause…
