InvestorQ : When should one pay a credit card’s minimum amount due?
tanvi Patel made post

When should one pay a credit card’s minimum amount due?

Answer
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2 years ago


One should resort to paying minimum amount due only when he/she is undergoing a liquidity crunch.

It is the best option when one can’t repay the entire credit card bill amount, because it helps you maintain your decent credit score.

Paying the minimum due amount gives breathing space to an individual as he/she can repay the balance due amount as soon as his/her liquidity situation improves.