“I Paid the Minimum. I’m Good… Right?”
Think again.
If you’re only paying the minimum due on your credit card each month, you’re not saving money—you’re digging a deeper financial hole.
Here’s what’s really happening behind that so-called "relief," and how Vizzve Finance helps you escape the trap.
📌 What Is the “Minimum Due”?
Credit cards show you two key amounts every month:
Total outstanding – the full bill
Minimum due – the least you must pay to avoid late fees (usually 5% of total)
Sounds easy? That’s the trap.
Paying only the minimum due means:
You still owe interest on the remaining balance
The next bill includes that balance + new purchases + interest
💣 Why It’s a Debt Trap
1. 💸 Interest Keeps Compounding
Credit card interest rates are brutal—30% to 42% per year!
So if you pay only the minimum, your balance barely moves, while interest balloons.
2. 🔄 Endless Repayment Cycle
You’ll end up paying much more than you spent—and it’ll take years to clear a single shopping spree.
3. 📉 Your Credit Score Suffers
Your credit utilization stays high, hurting your creditworthiness. That means costlier loans in the future.
🧠 Real Example: Death by Minimum Due
Priya had a ₹50,000 bill.
She paid ₹2,500 as minimum due every month.
But guess what?
After 12 months, she:
Paid over ₹18,000 in interest
Still owed ₹38,000
Felt trapped and stressed
All because she didn’t pay off the full amount.
✅ What You Should Do Instead
🟢 Pay the Full Amount every month
This avoids any interest, keeps your credit healthy, and builds discipline.
🟠 Can’t afford full? Pay as much as possible
Even paying ₹10,000 instead of ₹2,500 saves you thousands in interest.
🔁 Convert big purchases to EMIs
Some cards offer lower-interest EMIs for large spends—better than rolling unpaid balances.
💡 How Vizzve Helps You Break the Cycle
At Vizzve Finance, we don’t judge—we solve.
🔔 Alerts when you’re slipping into interest trap
💳 EMI conversion calculators and smart payment plans
📊 Credit card repayment visualizer
💰 Budget tools to free up money for credit repayment
🚫 Coaching to avoid revolving debt in future
🧠 FAQs
Q1: Will I get charged interest even if I pay the minimum due?
Yes. You’ll avoid late fees, but not interest. The unpaid balance keeps growing.
Q2: What if I just miss one full payment?
You get charged interest from day one, plus your interest-free period is gone until you clear everything.
Q3: Can Vizzve help me plan credit card payments?
Absolutely. Our smart tools and micro-saving nudges help you clear debt faster—without draining your monthly budget.
🏁 Final Word
Minimum due ≠ minimum damage.
Don’t let a small-looking number trick you into long-term debt.
Start tracking. Start paying more. Start fresh—with Vizzve Finance by your side.
Published on : 8th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.