Minimum payment is the minimum amount the credit card issuer demands that you repay every month. If your outstanding balance is zero, the minimum payment will of course be zero. The minimum payment is to secure that the credit cardholder repays on his/her debt every month.
In addition to the minimum payment, you should try to repay as much of your outstanding balance as possible. This is because the interest will run if you do not, and the interest on credit cards are quite often high. If you begin to postpone paying back on your credit card it is easy to fall into the “debt trap” where the debt just grows and grows, and you lose control.
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