to pay off debt
Focus on paying more than the minimum, avoid new charges, and consider a balance transfer to a lower APR card if available.
Credit card minimum payments are typically 1-3% of your balance or $25, whichever is higher. Paying only the minimum means most of your payment goes to interest.
Credit card interest compounds daily, meaning you pay interest on interest. The sooner you pay off your balance, the less total interest you'll pay.
Pay more than the minimum whenever possible. Even an extra $25-50 per month can significantly reduce your payoff time and total interest.
Stop using the card while paying it off. New purchases make it harder to pay down your balance and extend your debt payoff timeline.