Are true if you pay only the minimum amount each month towards your credit card bill?

If you only pay the minimum amount on your credit card bill each month, you'll incur high interest charges, leading to prolonged debt repayment. This can significantly increase the total amount you pay over time, as most of your payment may go towards interest rather than the principal balance. Additionally, it can negatively impact your credit score if your credit utilization remains high. Overall, paying only the minimum is a costly and inefficient way to manage credit card debt.