New Delhi, June 6 -- When you use a credit card very often, there is a tendency to pay only the minimum due. Some cardholders resort to paying the minimum due instead of clearing the entire bill.

Although this appears quite tempting but it is not a recommended move at all. Not only you are made to pay the late fee, but also the interest which continues to pile up until you clear your dues. For the uninitiated,rate of interest on mostcredit cards range between 2-3 percent a month. This means around 24-36 percent in a year.

I. You lose out on an interest free period of 45 days: Most credit cards offerinterest-free periods which may stretch up to 45 days. But this is available only when you clear the dues on time and not by paying the mini...