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Pay in Full vs. Minimum Payment
See the real cost difference between paying your balance in full versus making minimum payments.
Your Card Details
$
%
$
The minimum monthly payment amount
Comparison
Enter your balance and minimum payment to see the comparison.
Why Paying in Full Matters
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.