Credit Card Minimum Due Trap

Find out what paying only the “minimum amount due” really costs.

Card Details

Outstanding balance (₹)

Interest (% per month)

GST on interest (%)

Minimum due (% of balance)

Minimum due floor (₹)

Compare: fixed payment per month (₹)

Many cards charge about 3–3.75% a month (roughly 40–55% a year). Check your card's terms. Assumes no new spending, fees or late charges.

Paying only the minimum

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Fixed payment

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Paying the minimum avoids a late fee, but interest is charged on the whole unpaid balance, usually from the date of each purchase.
Once you carry a balance, new purchases typically lose the interest-free period too.
GST is charged on the interest, which adds about another fifth to the interest cost.
Because the minimum shrinks as the balance shrinks, repayment drags on for years.

If you are stuck, a lower-rate personal loan to clear the card can cost far less. Compare options in Personal Loan vs Credit Card Loan.

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