Manhattan Credit Card: How We Apply Payments Against Your Credit Card?

by Vinaya HS on November 2, 2011

in Finance

Thanks for visiting Capital Advisor. I frequently update this blog to cover various topics on personal finance such as investment strategies, financial products that you should buy and ones that you really should stay away from, financial calculators, emerging themes such as early retirement and financial independence, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

From the Credit Card Terms sheet:

How we apply payments?

We may (but need not) apply payments we receive to pay:

  • fees, charges and interest shown on any statement; then

  • any cash balance shown on the statement; then

  • any other balance shown on the statement; then

  • any cash transaction not shown on the statement; then

  • other transactions on the account not shown on the statement

Not any different from how it’s done for HDFC’s Platinum Credit Card. One late payment or one cash withdrawal on your credit card and you’re milked to the extent possible.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

Previous post:

Next post: