Why Paying the Minimum on Your Credit Card Won’t Work (and What to Do Instead)

access_time 1736457480000 face Lee Woodward
You open your credit card statement, pay the minimum, and expect your balance to drop. But month after month—nothing changes. What gives? Here’s the truth: minimum payments are a trap. In your 20s, it’s easy to fall into the cycle—a card, a charge, a paycheck that almost covers it. Until one day, yo...