Customer paying at a checkout counter with a card reader — the true cost of paying only the credit card minimum payment

Credit Card Minimum Payment: The True-Cost Calculator That Shows What It Really Costs

Paying only the credit card minimum payment on $5,000 at 24.99% APR takes 236 months and costs $9,278 in interest. Here’s the 3-step true-cost calculator that reveals your real payoff timeline — and the first-minimum-fixed rule that escapes it.

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