Pros and Cons of Interest Free Credit Card : The Nigerian Dynamics.

THis is an adopted article. The title has been altered to suit the intention of this blog. It is not in anyway to discredit the original author, but to avoid a repeat of title on the web.

Guest post compiled by Ebipade Enienghan 

Recently, I  talked about the interest free credit card issued by Standard Chartered Bank, Nigeria. I did mention that one can have a 50-day credit from the bank-in a credit card-and spend and fully repay such sumswithout any additional cost.  I also promised I was going to talk about what charges that apply if repayment was not made in full on payment date. Today, I have decided to share the info with you. You will also hear about the penalties for default or late payment on the credit card.