To pay in full or not to pay in full….that is the question when it comes to credit cards. Because in reality, you have a choice. Each time you make a purchase with your credit card, you are borrowing money.
But, because you aren’t required to pay it back in full right away it may be tempting to just make the minimum payment until next month. Each time you do this, interest will be added to the balance. Avoid paying just the minimum when possible because your creditor may see this as a high risk and increase your interest rate.