Does this article's headline sound like heresy? Does it smack of the worst financial advice of all time? That's exactly what credit card companies hope you think.
Consumers have been conditioned to pay attention to one thing when they open their credit card bills: the minimum payment due. But that minimum payment is just a smokescreen to distract you from the numbers that really matter -- how much you owe overall, and the interest rate the bank is charging you."
Pay the minimum the bank requires to keep your account in good standing, and when you retire you'll still be paying off that pizza you ordered during your freshman year. Read the entire article.
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