Credit cards are convenient, but if not managed carefully, they can quickly become a source of financial stress. One common mistake many people make is paying only the minimum due instead of the full bill. At first, this seems fine — no late fees, just a little interest. But soon, the outstanding amount keeps growing, and the debt becomes difficult to control.

The “Minimum Due” Trap

The minimum due is usually about . Paying this small amount keeps your account active and avoids late payment fees — but the remaining 95% continues to attract , often between .

This means your balance keeps increasing every month, even though you’re making payments. Over time, this turns into a , where interest charges grow faster than your repayments.

Balance Transfer: A Temporary Relief

If your cred

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