Скачать или смотреть Credit Cards Are Not a Problem - Until They Are (Minimum Payment Trap) | Must Watch 🚨

🚨Must Watch If You Are a Credit Card User!

Credit Cards are the Best but only until you make timely payments.

Once the Due-date is gone the ‘Piling up of Interest’ starts.

The minimum due is the smallest amount you must pay to keep your Credit Card account active.

Paying only the minimum amount due means the rest of your balance continues to carry interest charges, leading to higher overall costs and a longer time to pay off the debt.

While paying the minimum keeps your account in good standing and avoids late fees, it can lead to a decline in your credit score over time due to increased credit utilization.

It is best to pay the full outstanding balance each month if possible, rather than just the minimum, to avoid accumulating interest and to maintain good credit health.

[ Credit Cards , Banks , Finance , Financial Awareness , E-commerce ]

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