Press play above, then read the full written lesson in the next item.
Monthly interest charged$73
Actually reduces your balance$7
A $4,000 balance at 22% APR with an $80 minimum payment. The minimum is engineered to keep the balance alive, not to retire it.
20%Clearing a card charging 20% is mathematically identical to a guaranteed, risk-free 20% return. Almost nothing you will be offered beats it.