Paying only the minimum on a credit card keeps the account in good standing but can dramatically extend payoff timelines. As interest accrues on remaining balances, more of each subsequent payment may go toward charges rather than principal. This can make purchases costlier over the long run and delay progress toward financial goals. Using payoff calculators, setting targeted budgets, or automating larger payments can help reduce total interest. A deliberate plan—whether snowball, avalanche, or hybrid—can accelerate repayment and free up cash flow for savings and investments.