Credit card helps you a lot in meeting your monetary needs immediately, but after making a purchase through a credit card, the difficulty arises when there is a delay in paying the bill.
However, there are most banks provide liquidity facilities to their credit card users, despite this, if this time also expires then the banks charge many times more money from you in the form of a penalty.
Generally, you get 20 to 50 days time to pay the credit card bill, but if you do not pay the credit card bill on time, then a penalty is imposed on it.
If a person does not pay the credit card bill by the stipulated time, the bank charges interest at a higher rate. This interest rate can be up to 50 percent or more.
These banks have the highest interest rates
The interest rate on HDFC credit cards is a minimum of 23.88 percent and a maximum of 43.20 percent. Whereas, if we talk about the credit cards of Standard Chartered Bank, then the minimum interest rate on credit cards of Standard Chartered Bank is 23.88 percent and the maximum is 45 percent. The interest rate for SBI cards is a minimum of 33 percent and a maximum of 42 percent.
For ICICI Bank this rate is 29.88 percent and the maximum is 44 percent. Similarly, this rate for Kotak Mahindra Bank is a minimum of 29.88 percent and a maximum of 44.40 percent.
The interest rate on RBL Bank credit cards is a minimum of 40.80 percent and a maximum of 47.88 percent. This rate is a minimum of 42 percent for American Express Bank. Whereas for IndusInd Bank the minimum rate is 46 and the maximum rate is 47.40 percent.
The interest rate of this bank is low
The minimum interest rate on IDFC First Bank credit cards is 9 percent and the maximum is 47.88 percent. This rate in Axis Bank is a minimum of 19.56 percent and a maximum of 52.86 percent.
PC Social media
