Credit card issuers can report accounts as ‘past due’ only after three days of non-payment: RBI

Card-issuers can report a credit card account as past due to credit information companies (CICs) or levy penal charges late payment charges and other related charges, if any, only when a credit card … A past due loan is a debt such as an EMI or mortgage, that has not been paid by its scheduled due date, which is usually 15-25 days after the credit card spend statement is generate