BusinessPhoto: News18Hi BusinessSmall Credit Card Balance Can Increase Your Financial Burden
Leaving a small balance unpaid on your credit card bill can be costly. For example, if you pay ₹29,500 out of a ₹30,000 bill and leave ₹500 unpaid, with an annual interest rate of 42% (3.5% monthly), the interest on ₹500 for one month can add up. Actual interest depends on card terms and payment dates.
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