Supreme Court said that if credit card bill is not paid on time then 50% interest will have to be paid, people got angry in the survey, what kind of decision is this?

New Delhi : Credit cards are used extensively in India. If you also use it, then pay its bill on time. If you do not do this, you may have to pay up to 50 percent interest. This decision was overruled by the National Consumer Court by the Supreme Court. Now the question is whether paying interest up to 50 percent will not increase the burden on card users? Amidst all this, ITV has conducted a survey, in which people have given their respective responses.

1- Do you use credit card and are you able to make bill payment on time?
Yes 30.00 % No 70.00 % Can't say 00.00 %

2- SC's decision, if you do not pay credit card bill on time, you may have to pay up to 50% interest? Your opinion

37.00% burden on card users and banks will act arbitrarily 62.00% Cannot say 01.00%

3- What will you do after the decision to charge 50% annual interest from users on credit cards?

Will get the card closed 33.00 % Will use the card carefully 39.00 % Will go to court if the bank arbitrariness 20.00 % Can't say 08.00 %

4 – In America and Britain, interest is paid on credit cards, what should be the interest rate in India?

05.00% is too much, 94.00% can't be said, 01.00%

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