The issue of the remaining interest of this bill also need you to clarify to the card issuer. Not everyone understands how to properly calculate the remaining interest on a bill. Usually, most people just think that the rest of the bill will be levied. Whereas in practice, charged to you is the interest of the total value of unpaid billing items. This is called a roll over interest charge.
The interest imposed on you is not the nominal value. The interest is given to the total value of the unpaid item. This is the calculation method that makes your bill on the next notice bigger than your shadow. Therefore, the minimum payment can be done, but not every month. You should not allow your debt to swell as the roll over interest charge grows and accumulates. The best payment path is to pay all bills each month.
Maintain Your Credibility is important
This one problem is a cliché, but ignoring it may make you uncomfortable in the future. The Central Bank has in fact established a rule regarding late credit card payment fees. However, there are some rogue publishers who violate the provisions. That’s why you should ask about the costs that may arise when you are late for the bill.
However, if your bill has reached the bad credit category, you no longer need to pay the delayed fee. Because in the rule said, the burden of bad credit is not on the credit card owner again. Only, your credit card will be permanently disabled. If the credit card issuer applies a late fee with a higher percentage of the conditions, you can report to the appropriate authority. From there, you may also decide not to apply for a credit card application at the bank.