Drowning in credit card debt? Why making only the minimum payment could cost you thousands?

Kuntal Khasnobish
Thursday, December 11, 2025
Drowning in credit card debt? Why making only the minimum payment could cost you thousands?
In reality, there’s no evidence that making only the minimum credit card payment improves a credit score more rapidly than paying off the whole balance each month. Furthermore, paying off credit cards in full offers several benefits for your personal financial health, while making only the minimum payment can lead to major financial difficulties over the long run.

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