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See the real cost difference between paying your balance in full versus making minimum payments.
The minimum monthly payment amount
Enter your balance and minimum payment to see the comparison.
When you carry a balance month to month, interest charges pile up. Credit card APRs typically range from 15% to 30%, making them one of the most expensive ways to borrow money.
The minimum payment trap: Minimum payments are designed to keep you in debt longer. They usually cover mostly interest with only a small amount going toward the actual balance.
Best practice: Pay your full statement balance by the due date every month. If you can't pay in full, pay as much as you can above the minimum to reduce interest costs.