Paying only minimum due on your credit card? You could be in a debt trap
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar said total EMIs should stay within half of one's income, suggested using no more than 30% of the card limit, and pointed out that converting dues into EMIs carries a processing fee and reduces the available limit.
More of Abhishek's views on debt and loans
Citing a sharp rise in overdue credit card dues between March 2024 and March 2025, the article explains how paying only the minimum due, lifestyle creep and spending biases push users into debt. It lists warning signs, healthy card habits, and options such as EMI conversion, settlement and consolidation for those struggling to repay.
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Paying only minimum due on your credit card? You could be in a debt trap