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
a) Means you are paying a small portion of your total credit card debt
yes, it is paying a small portion of your total.. after all, it is called "minimum", in which you don't pay all that you owe the credit card company at once.
Even if your credit card calculates minimum payments differently and you might even have a lower interest rate than 18%, your minimum payment mostly goes towards interest and not your principal balance.
