Finance · Free tool
Credit Card Min Payment Trap
Indian credit cards charge 36-48% APR (3-4% per month) on revolving balances. Pay just the "minimum due" (typically 5%) and you can stay in debt for a decade.
₹1,00,000
36%
5% of balance
Time to clear
11.4 years
137 months
Total interest₹1,31,055
Total paid₹2,31,055
Effective cost131% of balance
Lesson: clear in full each cycle, or convert to a personal loan at 12-15% — way cheaper.