Interest charges inspite of complete payment made before st.date
I have been using Credit Card for last 6 years and never faced such situation
where complete Transaction amount being paid before the Statement Date and yet I
have been charged.
I am having Deutsche Credit Card No. 5268610225741000. I had purchase an Item by
swiping against this card for Rs. 15,959.00. This amount has been generated on
my previous statement of 18Nov08 with payment due date on 7Dec08.
To avoid penalty charges I made part payment of Rs. 5,959.00 before the payment
due date that is 7Dec08.
Remaining, Rs. 10,000.00 has been paid before the statement date that is
18Dec08. Thus I made my complete Transaction payment before the statement date.
Today (18Dec08) I got message with outstanding amount due is Rs. 1,107.00, when
asked with the customer care they said this is the Interest Charged on the
I would be charged becuase the payment needs to be made before payment due date
or statement date?
It was short of funds and I got part payment but I got the BT from other Bank,
which took time and I had deposited before the statement date. Now, Bank had
charged me Rs.1000.00 which is big amount on Rs.16000.
I shall be grateful if you could help me with this situation.
Rajendra Singh Bist