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Minimum Amount Due

Credit Card Wisdom: Why Minimum Payments Won’t Save You Money

Posted on Monday, December 25th, 2023 | By

Minimum Amount Due

Credit cards offer convenience and flexibility, but it’s crucial to understand the impact of the choices you make, especially when it comes to payments. One common misconception is that making only the minimum payment each month is a prudent financial strategy. But in this blog, we’ll delve into why relying on minimum payments won’t save…

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Tags : credit card bills , Credit Cards , IndusInd Bank Credit Cards , Minimum amount due , minimum payment , rewards

Understanding Credit Card Settlement and Its Process

Posted on Wednesday, December 20th, 2023 | By

Credit Card Settlement and Its Process

Credit cards have become an integral part of our financial landscape, offering convenience and flexibility in managing expenses. However, understanding the intricacies of credit card settlement is crucial to maintain financial health. In this blog, we’ll delve into the process of credit card settlement, shedding light on its nuances. Additionally, we’ll explore how IndusInd Bank…

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Tags : credit card bills , credit card settlement , Credit Cards , IndusInd Bank Credit Cards , Minimum amount due , rewards

What’s the Minimum Amount Due in credit card bills?

Posted on Wednesday, November 22nd, 2023 | By

Minimum Amount Due in credit card

In the dynamic realm of personal finance, understanding the intricacies around credit cards is paramount. Among these, understanding the “Minimum Amount Due” holds particular significance. But what is it exactly and how does it impact your personal finances? This blog aims to shed light on the nuances of this term, emphasizing its importance and offering…

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Tags : Bill payments , credit card bills , Credit Cards , Credit score , IndusInd Bank Credit Cards , Minimum amount due , reward points

Are you only clearing minimum dues on your credit card? Know how it affects you!

Posted on Wednesday, July 5th, 2023 | By IndusInd Bank

minimum dues on your credit card

Paying the Minimum Amount Due (MAD) on your credit card bills can have adverse risks on your credit score and payment history. When you make the minimum payment on your outstanding balance, the bank will continue levying interest on the outstanding amount and on all new transactions until you pay the previous balance in full….

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Tags : Credit Cards , Credit score , credit utilisation ratio , Minimum amount due

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