Why MINIMUM AMOUNT DUE on credit cards ? #shorts #creditcard #bank

Why do banks show a Minimum Amount Due on your credit card bill?

• It prevents you from defaulting but keeps you in debt.
• Banks earn high interest (30–40% per annum) on unpaid balance.
• It keeps your card active even if you pay just a small amount.
• It’s a psychological trick to make debt look affordable.

How to avoid this trap?
• Always pay the Total Amount Due, not just the minimum.
• Set up auto-pay for full payments.
• Track expenses to avoid falling into the debt cycle.

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