What is the Minimum Amount Due (MAD)?

MAD is the smallest amount you must pay by the due date to avoid late payment fees and reported delinquency. However, the remaining balance still attracts high interest (typically 0-42% p.a.).

CC Minimum Payment Trap

Expose the high-interest cost and time to payoff when paying only the minimum amount due on credit cards.

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Quick Summary: CC Minimum Payment Trap

Paying only the Minimum Amount Due (MAD) on credit cards—typically 5% of the balance—is a debt trap. In FY 2026-27, with interest rates averaging 42% p.a. plus 18% GST, paying only the minimum on a ₹1 Lakh debt can take over 30 years to clear and cost over ₹4.2 Lakhs in total interest and GST combined.

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Last verified May 2026

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