Do pay credit card bills in time

@yugasini (12815)
Anantapur, India
August 26, 2015 4:36pm CST
Hi Mylot friend, I do have a credit card in India and I am regularly using my credit card for shopping offline and on line also. I am getting credit card bill on every 6th of the month and I have given the time of 20 days to pay the credit card bill by 25th of the month. I never missed to pay the credit card bill, if I missed to pay the credit card bill they will impose interest and penalty for not paying the amount in due time. So I have selected auto pay selection for payment and I see that my bank account have enough funds to pay the credit card bills monthly.
6 people like this
5 responses
@scheng1 (24838)
• Singapore
8 Dec 15
It is the same for me. I always make sure that i have enough money to pay for items before I buy them, so that I never have to pay credit card debt. All my bills are paid in full, and in advance.
• United States
27 Aug 15
Of course I pay it on time. If not it is a boat load of trouble for us.
@prashu228 (25660)
• India
27 Aug 15
@yugasini I use credit card so that i don't need to carry cash. I swipe it and will pay the bill after returning home, through net banking. Once I forgot to pay just 500rs and pain 1500 in return after that incident I never delayed any payment.
@kiran8 (15366)
• Mangalore, India
27 Aug 15
Yes thats true, you have to pay back at least part of the credit owned ..But on the whole it is better to pay back as soon as possible.I never use a credit card even though I have one since you can use debit cards everywhere now..
@howard96h (11663)
• New York, New York
27 Aug 15
Yes, that is very important never to pay the bill late. The charges are very high if we pay late.