Rakesh Sharma, all credit card companies clearly mention that your current month purchases attract interest immediately, unless you cleared your past dues. Your friend was s tupid not to know that and you were making big story out of it?
RE:correction
by bablu on Jul 17, 2007 06:12 PM Permalink
a hole, how can credit card company charge ineterst on entire sum when on ly re 1 was balance amount overdues , both the credit card company & brilliant assses like you need to be sued
RE:correction
by Ajith Pillai on Jul 17, 2007 06:29 PM Permalink
What has been mentioned in the article is true.
The bank charges interest for each day from the date of purchase. Suppose your bill states Rs1,000.01 & you pay Rs1,000.00, the bank will charge you interest for the full amount outstanding.. BE CAREFUL
