Banks don't want you to overpay card dues

In a bid to curb efforts at money laundering and fraud, banks issuing credit cards are either blocking customers from paying an amount more than their current outstanding or refunding any excess amount paid into credit cards. A bank spokesperson said since a credit card is a lending product, not a savings account, customers are not allowed to park excess funds.

from Personal Finance News-Wealth-Economic Times https://ift.tt/ISTfV5z
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