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How rolling over credit card balance can jeopardise your financial health

Instead, make use of EMIs and personal loans to repay credit card bills. If your dues are very high, go for secured loans

Topics
Credit Card | Personal Finance

Sanjay Kumar Singh  |  New Delhi 



credit card
Credit card holders should do their best to repay the entire bill amount by the due date

HDFC Bank, the market leader in credit cards, has hiked the finance charge (interest charged on rolled-over balance), late payment fee, and minimum over-limit fee from September 1, 2020. The spike in these rates, which are already quite high, has made it all the more essential for borrowers to exercise extra caution in handling their card dues.

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First Published: Wed, September 16 2020. 15:45 IST

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