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Leaving Even 500 Rupees Unpaid on Your Credit Card Bill Can Cost You Dearly
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News18•12-10-2026, 14:40
Leaving Even 500 Rupees Unpaid on Your Credit Card Bill Can Cost You Dearly
- •Leaving even a small amount like 500 rupees unpaid on your credit card bill can lead to heavy interest charges and additional expenses.
- •An incomplete payment can revoke your interest-free period, causing interest to be levied on new purchases made the following month.
- •Paying only the minimum due amount avoids late fees, but it does not eliminate the liability to pay the full bill, leading to rising debt.
- •Always pay your total credit card bill on time to avoid unnecessary financial burdens and carefully review your card terms.
Key Questions Answered
Leaving even a small amount like 500 rupees unpaid can lead to additional interest charges on the outstanding balance and may affect the interest-free period available on future purchases.
If an annual interest rate is 42%, the monthly rate is around 3.5%. For an unpaid balance of 500 rupees, the estimated monthly interest would be calculated by multiplying the outstanding sum by the monthly rate percentage.
No, paying only the minimum due does not clear your bill or eliminate your liability to pay the full amount. The remaining balance carries forward, attracting high interest and potentially increasing your overall debt.
