Does a late credit card payment affect the credit score in India?
Yes, delayed credit card payment will affect your credit score it will not only affect your credit score but will also result in paying high interest rate and penalty for the delaying payments of credit card bills.
In case the delayed payment is due to shortage of money it is advisable to pay at-least the minimum payable amount due before the due date so that it will not affect the CIBIL score as payment of minimum amount due will not lead to penalty but the interest for the actual amount to be paid.
Ex. In case the actual Credit card bill amount is Rs.10,000 then your minimum amount due may 500. The interest rate will be charged on the remaining Rs.9500 but this will not affect your CIBIL score.