minimum payment
Least required remittance
The minimum payment is the smallest amount a borrower must pay on a debt—typically a credit card—to keep the account in good standing.
Paying only the minimum avoids late fees but extends repayment and increases total interest paid: If you only make the minimum payment, you'll be paying off that balance for years.
- balanceSteadiness or amount owed
- dueOwed or expected
- due dateWhen payment is required
- credit cardBorrowed-funds payment tool
- credit limitMaximum allowed debt
statement · billing cycle · interest · debt · debt trap · bill · monthly · fee · grace period · overdue · principal · finance charge · APR · owing · late fee · afford · budget · scrape
- credit cardscredit card, loyalty card, cardholder, cashback offers, card number
- expensesexpenses, expense, expenditure, cost, costs
- bankingbank, banks, ATM, ATMs, account
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- personal financesavings, income, credit, investments, bills
- billselectric bill, bill, phone bill, bills, gas bill
minimum, payment, minimal, minimize, minimization, minimalist, minimalism, mini, minima