Category Archives: Credit Cards

7 Ways to Avoid Minimum Charges on Your Credit Card


Credit cards have become what many of us would call the “necessary evil” that gives us some amount of freedom and financial control in our lives. While credit cards enables us to monitor and better manage our financial affairs, it can also cause us to spiral into unwanted debts. Credit cards allow you to access funds that you can then payoff on a percentage basis each month.

The credit card company will set a minimum monthly payment rate that “is meant” to help you stay on top of your payments, and stay debt free. This minimum charge can actually cause you to amass a huge debt and cost you more in the long run. Here are seven ways you can avoid those minimum charges and the huge fees they attract.