There’s a moment many people experience: you open your credit card statement, see the minimum payment, and think it’s not so bad. It feels like a tiny financial victory—like the bank is giving you a break.
But behind that deceptively small number is a trap that quietly drains your wallet month after month. Paying only the minimum on a $5,000 balance can lead to over $4,200 in interest, turning a manageable debt into a long‑term financial burden.
