U.S.

2015 Paid Minimum on Credit Cards

US
Paid minimum32.37%
Paid full52.44%

U.S.

% Paid Minimum on Credit Cards

US
200939.57%
201234.26%
201532.37%
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By only paying the minimum amount due each month on a credit card, consumers are increasing their borrowing costs. This practice can also negatively impact one’s credit score.

Consumers must understand how to manage credit and that paying only the minimum on credit cards can result in a long-term drain on their finances and borrowing ability.