The Debt Panel: ‘Can banks reverse late payment penalty charges?’ – The National
- Date: 03-Mar-2023
- Source: The National
- Sector:Financial Services
- Country:UAE
The Debt Panel: ‘Can banks reverse late payment penalty charges?’ – The National
I missed paying my credit card bill by the due date for the first time and ended up paying it three days later.
I have now been charged a late payment penalty of about Dh240 and finance charges of Dh1,500.
I have considered setting up a direct debit instruction to pay off my credit card bill on the due date.