The Debt Panel: ‘Can banks reverse late payment penalty charges?’ – The National

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.