# Minimum Payment

*Borrowing & Credit — Finicade finance glossary*

The smallest amount a lender will accept on a credit card this month. Paying only it keeps you current but barely dents the balance, so the rest keeps compounding — turning a modest debt into a years-long one.

**Related terms:** [Credit Card](https://finicade.com/glossary/credit-card), [APR (Annual Percentage Rate)](https://finicade.com/glossary/apr), [Compound Interest](https://finicade.com/glossary/compound-interest)

**Taught in:** Money Basics — Debt: Interest Working Against You

Source: https://finicade.com/glossary/minimum-payment