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Times Life
Times Life
Aishwarya Kapoor

The Credit Card Minimum Payment Trap: How Debt and Interest Quietly Double Your Balance

Chanakya HDFC Axis ICICI India SBI Card Citibank Math the Reserve Bank of India

Chanakya Knew About This Trap, He Just Called It a Different Name

Chanakya wrote in the Arthashastra that a debt left unresolved does not stay still. It grows. The minimum payment button on your credit card app is the modern version of that warning. It looks like relief. It is the most expensive button in the interface.

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