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13 August, 09:39

In general, is it a good idea to make only minimum payments on your credit cards? No, the small payment requirement is mathematically guaranteed to keep you in debt for many years. Yes, this allows you more flexibility in your cash budget. Yes, you can invest the money saved each month to earn interest. No, it will cause your interest rate to go up.

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  1. 13 August, 10:26
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    No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.
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