 TITLE: 11 Ways to Pay Off High Interest Credit Cards CONTENT: 3\\. Pay More Than the Minimum Amount Due\n----------------------------------------\nTo get rid of debt on a faster timeline, it's crucial to pay more than the minimum payment your credit card issuer assigns you. Your minimum payment is typically a fixed amount, such as $25 or a small percentage of your balance, likely 1% to 3%. Making only that payment will typically keep you in debt for longer than you might prefer.\nWhen you're focused on knocking out debt, paying extra helps reduce your principal balance, which, in turn, means you'll be charged interest on a lower amount. Anything you pay beyond the minimum is helpful. You may find motivation in calculating how much faster you could pay off your debt if you send an additional $25, $50 or more to your balance per month. END