As a payment facility issued by the bank, it is certain that the customer does not have his own funds in the credit card, which means: all bills incurred on a person’s credit card are the debt of the person to the bank issuing the credit card it uses the. That way, all bills that appear on the credit card must be paid by the customer using the credit card. In this case the bank only makes advance payments to various purchases made by its customers, then all bills incurred will be billed during the billing period, and must be paid by the customer at the time before the maturity set by the bank. That is why people dream of a free credit card.
Then, what if the bill is not paid by the customer? To overcome this, banks must have implemented a number of policies within their services, in which any arrears arising will incur interest amounts as well as other expenses, such as late payment fees. This is a form of consequence for non-full and timely bill payments.
Given the existence of a number of fees and interest rates applied by the bank, the customer should always be careful in using and paying his credit card bills. Do not let the use of credit cards that initially to facilitate various kinds of financial affairs, it will become a burden in the customer’s financial concerned. This will certainly be very detrimental.