Making the minimum payment on a credit card that you continue to use will bring your balance down over time.

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Making only the minimum payment on a credit card that is still being used will not bring the balance down over time. This is because the interest charges on the remaining balance will continue to accumulate each month, which will offset the small amount that is being paid with the minimum payment. It is recommended to pay more than the minimum payment, and ideally pay off the entire balance in full each month if possible to avoid interest charges.

Making the Minimum Payment on a Credit Card That You