kolkata reserve bank of india said that banks have to classify any credit card amount outstanding as bad loans if the minimum payable amount from the borrower is due for more than 90 days from the payment duet date this is a deviation from the existing practice where banks consider credit card account as npa if the minimum amount due as mentioned in the statement is not paid fully within 90 days from the next statement date rbi said the new rule would provide operational flexibility to credit card issuers and bring in greater credit discipline this comes from immediate effect the past due status of a credit card account for the purpose of asset classification would be reckoned from the payment due date mentioned in the monthly credit card statement however banks will enjoy the freedom to levy penal charges such as late payment charges only when a credit card account remains past due for more than three days the regulator told lenders to report a credit card account as past due to credit information companies cics if it due for more than three days the number of days past due and late payment charges shall however be computed from the payment due date mentioned in the credit card statement