Most credit card issuing banks offer a payment system

Maybe the variety of credit cards available to a banking institution, will make you a little confused, considering the offer of each credit card is very tempting. For example, there is one credit card that will give you many promo discounts every month, if you shop at certain outlets. Surely you think, that with the discount, your shopping will be a little more efficient of course, than pay with Cash.

Full Payment

In addition to paying the minimum amount, you are also allowed to pay the entire total bill printed on your Billing Statement. This full payment system is highly recommended, especially if you pay the bill before the due date, because then you will not be charged interest.

Payment of Amount between Minimum Amount and Total New Charge

If you happen to have funds that exceed the minimum amount of the bill but are not sufficient to pay the bill in full, then you can pay any amount between the minimum amount of the invoice and the total of your new bill. This includes reducing the number of delinquent bills that interest will be charged, thus reducing the burden of the charges you will have to pay the following month.

Fixed Installment

In addition to the above methods, most credit card issuing banks offer a payment system where you can change the total bill that is printed into fixed installments for a period of 3, 6, or 12 months according to your ability. This fixed repayment payment system can be an alternative that you can choose because the interest charged to you is not a compound interest but a flat rate.

To use this payment system, you can contact your credit card issuing bank to ask for more information and if the terms are met, you can change your payment to a fixed installment payment.

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