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Why can paying only the minimum credit card due lead to a debt trap?

short by Mansi Agarwal / on Monday, 5 October, 2026
Paying only the minimum due on a credit card carries the remaining balance into the next billing cycle, where high interest rates can quickly increase debt. Cardholders could also lose the interest-free grace period on new purchases. Over time, repeated partial payments can inflate the outstanding balance through compounding interest, potentially creating a cycle of debt and financial strain.
read more at Livemint