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Pl clarify me one thing, say I have credit limit of Rs10000/- and Ihave outstanding say 10500/- ,will your system allow to swipe the card before paying the minimum balance amount?
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| PARTHA SEN (Posted: Jun 27, 2008) |
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Thank you very much.
It has been very useful to me.
But, will you please clarify the following things.
If outstanding amount of Rs. 20000 was not paid on 18th November, then it should attract a late payment of Rs. 600 (as per the card), which you have not taken into amount. So, the amount to be considered should have been 20600 and not Rs. 20000.
But still, thanks a lot, as prior to this, I was totally confused about credit card bill calculation.
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| Vinayak R. Naik (Posted: Jun 13, 2008) |
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Nice Article. It really help me to understand the Intrest calculatoin, due date and grace period.
Thanks a lot.
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| Javed Akhtar (Posted: Apr 3, 2008) |
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