WHAT Next BUDDY

What if you don't pay your minimum amount due for two consecutive months? You become a defaulter. If you don't settle the minimum amount due by the due date, you would end up paying a late payment fee. This fee varies from bank to bank. Come check some hidden charges on credit cards. You cross your credit limits Credit limit is the maximum amount that you can spend on your credit card, as dictated by your income profile. You can spend more than your credit limit. But wait! Be ready to pay charges if you exceed this limit, which can be as high as 5 per cent on the exceeded amount.  You revolve your balance Banks give you this option to pay a minimum amount by the due date and carry forward the rest to the next billing period. In this case, you will pay an interest on the amount that you carry forward. There's another catch: when you carry a balance from month to month, you do not get any 'interest free' period on new purchases you make. You ...