The revolving mechanic
Unpaid balances accrue interest; new charges add to the pile. Without a plan, you pay interest on interest-class balances—often at high APR tiers.
Why minimums fail
Minimums often cover little principal—sometimes barely above the monthly interest. See the timeline with a payoff calculator; the years can shock you.
Breaking the cycle
- Stop adding new charges you can’t pay in full.
- Negotiate hardship or transfer options carefully—fees matter.
- Use avalanche or snowball strategies—consistency beats perfection.
Use the calculator
FAQ
- Should I invest while carrying card debt?
Usually pay off high-APR debt first—the guaranteed “return” equals the interest rate you avoid.