50,000ICICI Bank recently announced that it has hiked charges of various credit card services like late payment fees with effect from February 10, 2022. Click here to read the full story.Knowing the late payment fees charged on one’s credit card is important. Late payment fees charged on a credit card will depend on the type of credit card and the amount due.Here is a look at the credit card late payment fees charges by ICICI Bank, HDFC Bank, Axis Bank, Citi Bank, SBI Card, and American Express.According to the SBI Card website, late payment charges will be applicable if minimum amount due is not paid by the payment due date. The late payment fee can range from Rs 400 to Rs 1,300.An additional Late Payment Charge of Rs. If you are strapped for money, at least pay the minimum charges so that there is no penalty.

Source: Economic Times January 14, 2022 04:07 UTC