[Late payment on credit card]

Fatawa Question

I recently got a new visa got that gives me discounts and benefits when I use it. The penalty for not paying the balance on the visa card is around $ 5... that is if you don't pay by the allotted date which is known to you at least 30 days before the deadline. I am aware that if I do not pay the balance on time, I will have to pay that extra $ 5 interest which is Haram. My question is... Can I use and possess that visa card with consciousness that I will pay the balance directly after I make transactions and I will not miss the deadline ? And also, this is not my main form of payment I use daily... I use this card only 2-3 times a year. Jazaka Allahu Khair.

Fatwa

Click hereto view more

Publication Date

2011-08-23

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Usury
• Credit cards

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732887

• APA
• MLA
• AMA