Moneycontrol
Get App
YOU ARE HERE > Moneycontrol > Credit Cards > Glossary

Credit Cards

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Default

When payments are not made in time and according to the agreement signed by the card holder, the account is said to be in default. If you are in default, the bank that has issued you your card is entitled to charge you a higher interest rate for that particular billing period as a penalty.

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant