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Can the bank charge a late fee on your credit card?

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Question added by Deleted user
Date Posted: 2014/03/12
Arun Kumar
by Arun Kumar , Freelance Faculty-Mathematics , Career Launcher and Konfidence

yes they can. If the minimum payable amount is not paid by the due date a nominal late fee will appear in your credit card statement the next month.

Even if you pay the minimum payable amount, one day after the due date, the bank charges you late fees.

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