Tell me a better way to handle missed payments.
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Re: Axis Bank Reserve Credit Card
In the future, if I accidentally miss a payment, the immediate interest and credit hit feel so harsh. Shouldn't banks offer a little more grace or proactive reminders for first-time slips? It feels like they’re prioritizing quick penalties over actually building a long-term relationship with their customers. Is there a better option?
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Just go ahead and set up auto-pay using your bank’s app; it'll save you a lot of trouble. Most big banks have free options for e-mandates or UPI auto-debits these days.
So, here's the thing: there's a 3-day grace period from the RBI, but the interest starts piling up immediately, so it's better not to delay. A cool tip is to set up WhatsApp reminders a few days before your payments are due. This way, you won’t have to stress about forgetting ever again.