A credit card’s monthly statement has all the necessary details required by an user and minimum amount due and total amount due are a few of those details.

Minimum amount due: The minimum amount due, as the name suggests, is the minimum amount your credit card company allows you to pay to avoid paying any late payment penalty. This facility is especially helpful for those individuals who have liquidity crunch but don’t want to adversely impact their credit history.

Thus, by paying the minimum balance, you buy yourself some breathing space with respect to your repayment amount.

Total amount due/payable: This is the total amount you owe the credit card company. It is advised that you repay this entire amount at the earliest so as to not attract any late payment charges or high interest rates.