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HARSH GUPTA
Author:HARSH GUPTA
Business Partner of ICICI Prudential
Avoid Credit Card payment delay
Tuesday 02nd, September 2008
Pls. avoid USAGE OF credit card transactions, as the Private Banks like SABB specially charging the holder with heavy charges ie. Interest for delay + Financial charges + Shield etc., which the holder should pay inclusive of all, means the rate comes apprx.5.7% Per month and if delayed more, will be interest on interest, which will increase the rate of calculating the Interest plus financial charges. It is better to take a Loan from any Bank on yearly interest, which will be much cheaper than credit card payment.
If you can avoid this, and pay the same to needy God will reward with blessings instead of Bank interests and financial charges.

PLS. KEEP RESERVE SOME OF YOUR AMOUNT FROM MONTHLY INCOME AS TO COVER ANY EMERGENCIES, AND AVOID CREDIT CARD TRANSACTION & delay in paying otherwise.

If this mail hurt any Individual / company / Bank - Sorry, its not my personal intention to any.

 
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