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'Minimum due' is minimum amount credit card company tells people to pay to avoid default. The 'balance transfer' option allows people to transfer expensive card balance to another bank or new card scheme where interest rate is lower. Paying 'minimum due' may be temporary solution if balance is small, while balance transfer is a better option if balance is large.
short by Bhuvnesh Ojha / 09:30 am on 08 Nov
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