Don't pay minimum amount due ❌ on credit card 💳 🔶 Paying only minimum amount due on your credit card is a bad idea as interest is charged on the remaining bill amount every month 🔶Also, interest is charged from the date of purchase and not the end of billing cycle 🔶 Credit card interest ranges from 35-40% per annum 🔶 Minimum amount due is usually 5% of your bill amount 🔶 Ultimately, you might end up in a debt trap 🔶The only advantage is that you are not charged a late payment fee & the cr
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