I missed my SBI credit card payment by one day. My due date was the 28th of every month, but I made the payment on the 29th morning. Will I be charged with a late fine and interest on the next statement?

Hey, so you missed your SBI credit card payment by one day. Here’s what you need to know:

Late Fee: You’ll likely be charged a late fee on your next statement since you paid on the 29th instead of the 28th. The fee is usually fixed or a percentage of your balance.

Interest Rates: There might be an increase in your interest rate due to the late payment. This is often called a penalty APR.

Next Steps:

Check Your Statement: Look at your next statement to see any fees or interest charged.
Review Your Credit Report: Check your credit report to see if the late payment affected your score.
Contact SBI: Call customer service to explain and see if they can waive the fee, especially if it’s your first slip-up.

To avoid this in the future:

Set Up Auto Payments: This way, you never miss a due date.
Use Reminders: Set alerts a few days before your payment is due.
That’s it! If you keep an eye on these things, you’ll stay on top of your payments and avoid extra charges.