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1 vote
Making a credit card minimum payment:

a. Means you are paying a small portion of your total credit card debt
b. Is the same thing as making a late credit card payment
c. Will have a negative effect on your credit score
d. Will cause your credit card to be cancelled

1 Answer

5 votes
Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.
User Andrew Grosner
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