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Let's understand credit card and charges around it. Especially in India.
Many people's are afraid of credit cards due to interest,late payment fee, typically more spending habits.
Lets us try to explain on how to use credit card and njoy the rewards.
1/n
#creditcard
#managefin
Many people's are afraid of credit cards due to interest,late payment fee, typically more spending habits.
Lets us try to explain on how to use credit card and njoy the rewards.
1/n
#creditcard
#managefin
Facts: Developing countries have more interest charges than developed contries.
In india the interest rate per month ranges from 1.8%-3.2% based on bank or the card you choose/eligible.
The interest rate calculated annually is called APR.
2/n
#managefin
#creditcard
In india the interest rate per month ranges from 1.8%-3.2% based on bank or the card you choose/eligible.
The interest rate calculated annually is called APR.
2/n
#managefin
#creditcard
Lets make it clear on when you will pay interest.
When you missed to pay the statement total amount interest rate will be calculated from that day.
If you withdraw money in ATM using #creditcard interest will be calculated from the day amount is withdrawn.
#managefin
3/n
When you missed to pay the statement total amount interest rate will be calculated from that day.
If you withdraw money in ATM using #creditcard interest will be calculated from the day amount is withdrawn.
#managefin
3/n
