The True Cost of Minimum Credit Card Payments on a $5,000 Balance
A $5,000 credit card balance at 22% APR will cost you $7,723 in interest if you only make minimum payments — and take over 17 years to pay off.
A $5,000 credit card balance at 22% APR will cost you $7,723 in interest if you only make minimum payments — and take over 17 years to pay off.