1-Year Late Charges for Credit Card Payment = 4 round trips to Japan?

By team gini on July 11, 2019

Are you one of the Weeaboos? It’s autumn, which means the red leaf season in Japan is here again! Today, we aren’t going to talk about red leaf hotspots, but to tell you how to save on credit card late payment charges worth up to 4 roundtrip tickets to Japan.

How much are you spending on late charges?

The first step to tackle a problem is to identify the issue. Without knowing how big a price tag your late charges are amounting to, you will never realize how urgent it is to pay the bill on time.

Want an easy way to figure out how much you’re spending on late charges for credit card payments? gini lists it out for you. Learn more about the late charges for major credit card payments below:

gini blog - 1-Year Late Charges for Credit Card Payment = 4 round trips to Japan?

 

You can be spending HK$18,000 per year just for credit card late charges!

You might look at these charges individually and think “HKD 300 maximum per month – no big deal”. But when it comes to money, if you care up building up your wealth, you need to take a longer term view. A HKD 300 charge every month, will mean you are shelling out HKD 3600 every year. And that’s only considering one credit card! 

According to a survey conducted by gini this year, each Hongkonger owns at least 5 credit cards on average. Say you are one of the 5-credit-card holders, you could be paying over 10 thousand Hong Kong dollars on such unnecessary charges. 

If you spend this amount of money on flight tickets instead, you could have flown to Japan 4 times this year, experiencing all 4 beautiful seasons there!

gini blog - 1-Year Late Charges for Credit Card Payment = 4 round trips to Japan?

Ask and waiver will be given?

By now, we should all know that paying our credit card fees late leads to unreasonably high charges and interests. But the gini team has your back, so don’t worry!

The process is rather straightforward, but we’ve made it even easier for you by listing which keys to press during the phone call to make the automated call hassle-free:

gini blog - 1-Year Late Charges for Credit Card Payment = 4 round trips to Japan?

Now you know, settling your credit card payment late is not the end of the world. But still, you don’t want to be making that phone call every month. 

Say goodbye to late charges forever!

We know it is a challenge to keep track of your payments, especially when you have multiple credit cards and a hundred more bill payment due dates. Here is where gini comes in.

With gini’s Smart Notification feature, all you need to do is link your bank accounts in one-click. gini will then remind you 3 days before your credit card due dates. You can then kiss your late charges goodbye!

gini is a personal finance app that helps you to manage your finances effortlessly, anytime, anywhere. Download gini app today and get your money into shape!

gini blog - 1-Year Late Charges for Credit Card Payment = 4 round trips to Japan?


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