What minimums optimize for
Minimums optimize lender cash flow and regulatory constraints—not your financial freedom. They keep you current while maximizing interest paid over time.
The illusion of affordability
If you only look at the minimum, you underestimate the total cost. Run a payoff schedule with a few extra dollars—marginal principal cuts can slash months or years.
Use the calculator
FAQ
- Is paying twice a month better?
It can reduce average daily balance—depending on how interest accrues. Verify your card’s method.