Making a credit card minimum payment:

a. Means you are paying a small portion of your total credit card debt

b. Is the same thing as making a late credit card payment

c. Will have a negative effect on your credit score

d. Will cause your credit card to be cancelled

Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.