Bank specialists have drawn attention to the importance of timely repayment of credit cards to avoid incurring penalties and interest for overdue payments. This statement was confirmed by Mustafa Ahmed, who noted that clients should contact the bank in advance to organize a repayment schedule that suits them, which will help avoid additional costs.
It is advisable to avoid making payments on the last day of the deadline or waiting for the release of a new statement, as transfers from different banks may take time. These delays can lead to inconveniences and additional payment costs.
If a client does not repay the debt within the specified period, they will face accruing penalties and interest, which vary depending on the bank and the amount of debt. This is a standard procedure outlined in the contract between the client and the bank, regardless of whether the client chooses to repay the entire amount or only the minimum overdue amount.
To avoid additional costs, clients are advised to plan their payments in advance or to contact customer support to develop a flexible repayment schedule. This approach helps avoid unexpected expenses and the payment of fees that are not previously specified in the initial credit card agreement.
Specialists emphasized the importance of timely repayment of credits to avoid penalties and interest. They stressed that it is necessary to avoid delays and recommended seeking assistance and consultation to prevent possible additional financial costs.
