Aha Trivia Stuff Everyone Should Know
Aha Trivia: Stuff Everyone Should Know · ahatrivia.com/mb-personal-management-cfd86c628991

Why is it unwise to make only the minimum payment on a credit card?

You pay more interest and may stay in debt longer.

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  1. It cancels your balance
  2. You pay more interest and may stay in debt longer ✔
  3. It instantly improves your credit score

Why: Paying only the minimum means interest keeps building, so the debt can last much longer.

Huh, didn't know that: Paying only the minimum means interest keeps building, so the debt can last much longer.

The dad joke
Minimum payments keep maximum balances.
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References

Answer: You pay more interest and may stay in debt longer. Paying only the minimum means interest keeps building, so the debt can last much longer.

  1. Scouting America: Personal Management www.scouting.org/merit-badges/personal-management
    why it is unwise to make only the minimum payment on your credit card
    Checked 2026-11-07.

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