Has anyone used online credit card repayment calculators to see what the results are? I feel like the “minimum payment” is misleading to a lot of people, in that you’re staying afloat. However, you’re actually falling into a debt hole while making these payments, because they are usually only 1-3% of the balance (which keeps growing if you’re using the card). My next article will go into this in more depth. The best online credit card repayment tool I’ve found is the one from Barclays: https://www.barclaycard.co.uk/personal/customer/repayment-calculator
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