Are You Paying 10,000% Interest Rate on Your Credit Card?

Having a credit card is convenient. You nenver know when you need more money in an instant. To save you from that embarassing moment when you need to pay that bill and only then to fid out that your wallet is as dry as the dessert in terms of that liquid cash

But did you know that having that convenience comes at a cost? More than what you might think. Did you not read that fine print when you applied for a credit card?

The star's managing editor, P.Gunasegaram share his personal experience of having an overdue credit card payment and its cost. He wrote "Let's say you have an outstanding balance on your credit card of say RM100. And you just forgot to pay your bill on time. What do you think your charge will be on an annual basis? Would you believe 10,000%?"

Want to know more? Read all about it HERE

Source: The Star (Business)