Minimum amount due
The smallest credit card payment that avoids a late fee, usually 5% of the bill; the rest still costs interest.
Paying only the minimum keeps your record clean but charges interest of 3% to 3.75% a month, plus GST, on everything unpaid, and new purchases lose their interest-free days until the card is clear.
Example
A ₹1 lakh balance at 3.75% a month, paying only 5%: over 37 years and more than ₹5 lakh in interest and GST.
Credit Card Interest Calculator
What paying only the minimum due really costs, and how much sooner a fixed monthly payment clears the card.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.