Master Direction Circular: As RBI revises credit/debit card rules, here's how you can gain
As per the new RBI rules, the total amount due for the credit card holder will be the credit amount that they used till the end of their billing cycle- refund amount and reversed transactions will not be counted in this. If the bill is not paid on the due date, the credit card issuer will charge interest only on the outstanding amount. Know more such RBI rules.
![Master Direction Circular: As RBI revises credit/debit card rules, here's how you can gain](https://cdn.zeebiz.com/sites/default/files/2024/03/11/283687-credit-cards-file.jpg?im=FitAndFill=(1200,900))
Debit and credit cards. Photo: File/Representational