What Credit Card charges do I need to pay?
The charges you pay partly depend on the type of Card you have and how you use it.
Your Credit Card agreement will determine a rate of APR you are required to pay on any outstanding balance carried forward each month. The APR is calculated as a yearly interest rate that is then applied to your outstanding balance each month.
APR is often applied differently to different uses of your Credit Card. For example purchases will have a different interest rate to balance transfers.
Credit Card fees (annual fees)
Many Credit Cards charge an annual fee.
For example the American Express Platinum Reserve Credit Card charges an annual fee of Rs. 5,000 but Cardholders enjoy a range of benefits including exclusive dining experiences, golf course entry and airport lounge use.