What happens if I pay only the minimu… — Credit Card Q&A

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Champa Shetty

I have had a hard time getting this card approved twice. The third time I applied after a 10% salary hike and got instant approval. Banks re-check eligibility every time. If you got rejected, improve your income proof / CIBIL and reapply after 6 months.

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I cannot pay the full outstanding amount this month. What are the financial consequences if I pay only the minimum due on my SBI Card credit card?

What happens if I pay only the minimum amount due on my credit card?

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