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Credit Card Payment in Telugu - You know What Happens when you Pay a Credit Card Payment in Part

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If you use your credit card for your shopping then, the bill will be generated exactly after a month. Isn't it? But, have you ever wondered how does bank and credit card company calculate the interest and how do we fall in their trap? Merchants are required to pay a percentage of the transaction amount as a fee to the credit card company when they accept payment from credit card holders. In additional to that, credit card companies also make money by charging high interest rates on credit and late fees is being issued for balances that is carried from month to month. Watch the video to understand the how does bank and credit card company calculate the interest for the credit.

 
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