CA Sakchi Jain Instagram – Don’t use a credit card without watching this!!
As per RBI circular dated October 26, 2023, you are entitled to a compensation of Rs 100 per day if your complaint (about updating/rectifying credit information) is not resolved within
30 days of filing complaint with the bank/lender or the credit bureau.
If you only pay the minimum amount due each month, the rest of your balance carries over to the next month, which adds more interest and makes your debt grow fast.
Also, cash advances might seem convenient, but they come with high fees that increase your monthly payments. It’s best to pay your full balance each month and avoid cash advances.
Use your credit card wisely to keep your finances in check!
[Credit card debt, Minimum payment, Interest charges, Cash advance fees, Managing credit cards, Credit card tips, Avoiding debt, Financial health, Smart credit card use, Paying credit card balance, CA Sakchi jain]
#creditcarddebt #minimumpayment #interestcharges #managingcreditcards #creditcardtips #avoidingdebt #financialhealth #casakchijain | Posted on 28/Jun/2024 20:26:36
