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What is 'minimum amount due' on a credit card?

short by Pravel Jain / on Friday, 11 September, 2026
The 'minimum amount due' on a credit card is the least amount that must be paid to avoid late payment charges and maintain a good repayment record. Paying only this amount allows the credit card account to stay active, but it doesn't stop interest from accruing on the remaining amount. The minimum payment is usually 5% of the outstanding amount.
read more at Moneycontrol