There are over 176 million credit card owners in America. There's a very good chance that you are one of them. However, have you found yourself in situation where you are only paying the minimum amount due? You are not alone. Consider this fact from CreditCards.com: nearly one in three Americans -- 29 percent -- said that in some of the past 12 months, they paid only the minimum payment on their credit cards. While it is understandable that paying the minimum is sometimes necessary, how long can you afford to do so? How much does paying the minimum amount due actually cost you?
Find out at Bankrate.com: http://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx
