answersLogoWhite

0


Best Answer

because it will not pay off the card sooner.you will end paying actually more in the end, compiling the interest and all, all credit companies are sending with their bills an example of your balance, whatever that may be, and have actually figured out how long it will take you to pay it off.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is making a minum payment on a credit card bad?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can a credit card come send you to collections if you are making a payment?

They can do whatever they want if you are behind, but it would be weird for them to pursue collections if you are making REGULAR payments. Call the credit card company and make arrangements.


What makes my credit rating increase?

By making on or before time payment of your financial liabliliies.. like EMI's, credit card payments etc..


What are the rules for credit card payment at Home Depot?

The rules for credit card payment at Home Depot is their monthly payment has to be received by the due date specified on their credit card statement or they could receive a late charge.


What is two most common payment methods used when making purchases online?

Paying via credit card .


What is a Merchant Credit Card Processor?

A "Merchant Credit Card Processor" is a electronically device that takes the information from your customers credit card for payment. This will automatically put the payment in your account after charging the customers credit/visa/master card.


What does the process of online credit card acceptance refer to?

The process of online credit card acceptance refers to the process of taking credit cards as payment for a service. And then, getting credit card approval for the payment of that service.


What type of services does 800 Credit Card Dept offer?

800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.


NEED TO CHANGE CREDIT CARD NUMBER FOR CONTINUED PAYMENT ON-LINE?

NEED TO CHANGE CREDIT CARD NUMBER FOR CONTINUED PAYMENT ON-LINE


What are some options for making a payment to the IRS?

Some options for making a payment to the IRS can be found on their website. One has the options of paying by debit or credit card, making an electronic funds transfer or by check or money order.


What is the difference between a purchase and a payment on a credit card statement?

A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.


Can I make a payment on a friends credit card he used to purchase a ticket for me if I have the details via intenet?

Yes, you can as long as you have his credit card # and payment address.


How often does your credit score rise if you have been making on time credit card payments for a period of one year?

== == Each month that you make an on-time payment your credit score increases.