Penalty for late payment of credit card bill

90°
Deal Cadet
samss

Hi dimers. I hold rbl credit card. I paid due amount 165 (but actually it was 165.50) immediately after getting statement on 21st Nov23. I didn't use the card in dec23 & came to know about penalty for not paying full bill on 21st Dec23. Actually billed amount was 165.50 but i mistakely paid 50 paisa less. I have written emails to bank but getting generic & non specific reply. Upon contacting higher officials, there is no reply. I am mainly concerned about credit score so want this to reverse. What should i do now? Please help.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
18 Comments  |  
7 Dimers
  • Sort By
Deal Lieutenant Deal Lieutenant
Link Copied

image

surrender card and your problem will be solved without card getting surrendered.

Deal Subedar Deal Subedar
Link Copied

Most banks don't charge penalty or report default If the outstanding is less than 100rs. Pay another 10 rupees now. There won't any problem usually.

Deal Cadet Deal Cadet
Link Copied

As the due amount was less in decimal (165.5) so i hurriedly paid 165 without seeing decimals. I have paid the penalty amount immediately with request to not reporting as late to credit beuros. 

View 4 more replies
Deal Cadet Deal Cadet
Link Copied

Same story! Omg! Glad that it didn't hit credit score. 

Finance Ninja Finance Ninja
Link Copied

Try requesting if not threaten to close the card

Deal Cadet Deal Cadet
Link Copied

Thanks for reply. I will do that later for sure. Just concerned about cibil hit. 

View 1 more reply
Deal Subedar Deal Subedar
Link Copied

No, they will not report it to the credit bureau., as minimum due was already paid.


Deal Cadet Deal Cadet
Link Copied

Ohk. Now i got it. So i need not care now. Thanks for explaining. 

View 2 more replies
Helpful Helpful
Link Copied

Question of CIBIL hit arises only when we fail to pay even the minimum amount due before due date even if 3 days Grace is ignored for a while and in your case you have cleared more than the minimum due, isn't it, so CIBIL hit doesn't arise at all @samss

Deal Cadet Deal Cadet
Link Copied

Thanks for explaining. 

replyuser
Click here to reply
Reply