10 Credit Cards You Must Know About It!
I provided a free credit card with a phone call to enjoy the range of benefits and rewards that I enjoyed. But as the proposal seemed to me, I decided to take part in it. But to my surprise, a lot of additional charges came in later, which did not inform me about it before.
I know a lot of people who have told me this over and over again. While getting a credit card in a drop of a hat is a good feeling, the best offer may not always be available.
Important credit card list:-
Below are some important credit card charges you should be aware of;
An annual fee – also known as a partnership or membership fee – is a charge that applies to credit card use. In many cases, it may be cancelled for the first year, but essentially from the next one on a monthly basis. It may range from Rs 500 to Rs 3000 for one year. For example, the annual cost of an HDFC Regalia credit card is Rs 2500, while Rs 2000 is for a credit card signed by ICICI. * The annual fee for the first year is called the cost of joining.
Interest – The charges charged by the bank to borrow money are known as benefits. This bank will pay it if you fail to pay a significant amount within the specified period. Interest rates are about 3% per month and 36% -38% per annum on costs.
Cash Advance Fee – The amount the bank has received to receive a cash credit card. The transaction costs may be based on a percentage (approximately 2.5%) of the cash advance, or maybe a flat on each transaction fee. Apart from this, the cost of profit at a rate of 24- 46% per annum also applies to it, just from the day before the payment of money.
More than a limited fee – The cost of charging excessive credit cards. The real fact here is that even if you exceed your permissible limit only through Rs 1, you will be responsible for paying over Rs 500 or Rs 500 in accordance with the issuer’s card rules.
Low cost – The cost of your charges on paying the amount payable at the time is known as late cost. If you are late for more than 90 days, you will certainly receive a late payment. The late cost of frequent payments is different based on the amount payable. If it’s anywhere from 500 to 20,000 Rs, it may cost from 100 to 600 Rials. However, for amounts exceeding Rs. 20,000, the cost may range between Rs. 600 and Rs. 800.
Many of you do not already know about these allegations, so they have a basic idea about them instead. You know exactly before asking for a card from Telekaller or the executive director. Understanding these costs and costs of an armed credit card helps you to maximize the benefits of your card and use it with caution.