Dear Sir,
Today I received a mail from Credit Card saying 3 month interest free payment holiday for retail transactions from Feb’13 statement. And also giving one illustration, I have to pay only EMIs(if any) and no need to pay retail transactions upto May’13. That means in may-13, I will pay three months due amount at a time.
But I have a doubt, there may be any hidden or undisclosed charges. Otherwise what is the benefit for the Bank?
Is any one of this blog users come across above situation? Is it reliable? Please let me know.