If you have RM 10,000 balance on your credit card and decided not to keep charging any future expenses to that card while maintaining a minimum payment every month. For a balance of RM 10,000, the minimum monthly payment is RM 500. Your next monthly is not RM 9,500 but RM 9,618.75. Where does this … Continue reading Why You are Screwed if You Only Pay the Minimum Amount of Your Credit Card Balance.