Last updated: 17 August 2026
What is Minimum Payment?
The minimum amount due is the smallest payment required by the due date (usually 5% of the balance or a fixed ₹200–₹500, whichever is higher). Ye late fee se bachata hai, par interest full balance par lagta hai.
The Interest Trap (Example)
| Item | Full Payment | Minimum Only |
|---|---|---|
| Balance | ₹50,000 | ₹50,000 |
| Paid monthly | ₹50,000 | ₹2,500 (5%) |
| Interest @3.5%/mo | ₹0 | ₹1,500+/mo |
| Payoff time | 1 month | 3+ years |
How to Escape
- Convert the statement to Excel, note total debt + interest rates, pay a fixed extra amount monthly (not just the minimum), and clear the highest-interest card firstar do (debt avalanche)
Convert your statement — free!
🚀 Open the Tool
🚀 Open the Tool
Frequently Asked Questions
Q: What happens if I only pay the minimum?
A: No late fee, but interest applies to the full balance — the debt can grow 3–5×. Credit score pe bhi effect.
Q: Is minimum payment 5%?
A: On most cards it's 5% or a fixed minimum (₹200–500), whichever is higher. It is clearly printed on the statement.
⚠️ Important Note: Credit card rates, fees and rules vary by bank and card (and change over time). This guide is general information — confirm details with your bank's official statement, fee schedule or customer care. Our tool only helps extract your statement data into Excel — it does not provide financial advice. Poora disclaimer read.