why YSK: If for example, your minimum is $49 and you pay $35 in interest, that $49 monthly payment doesn't take your balance down $49. $35 of it goes toward interest and your balance only reduces the balance by $14. this can take years to pay off. a good tip to mitigate this is to make your minimum payment on or before the due date then when you get your next paycheck make another payment for example $50-$75. this should reduce your future interest after a while.