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What happens when one doesn't pay their credit card bill in full?

short by Sourav Kumar / on Sunday, 20 September, 2026
When one does not pay the entire credit card bill, the bank starts charging interest on the outstanding balance. The interest continues to accumulate until the full payment is made. Fresh purchases may also become ineligible for the interest-free period and start accruing interest. This can cause the outstanding balance to grow rapidly, potentially leading one to a debt trap.
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