Paying only the minimum payment each time on a credit card usually enables one to pay off the balance fairly quickly.

Name: Paying only the minimum payment each time on a credit card usually enables one to pay off the balance fairly quickly.
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Paying only the minimum payment each time on a credit card usually results in a longer repayment period and higher overall interest paid. It is recommended to pay more than the minimum amount to reduce the balance more quickly.

Paying Only the Minimum Payment Each Time on a Credit