I’m paying off my credit card bill online right now, and the amount is $1,473. The minimum payment is only $22.00. In other words, I only have to pay 1.5% of what I owe right now. How sweet of you, Citibank!!
That is so ridiculous. If you only paid the monthly minimum, can you guess how long it would take to pay that off with 15% interest, and how much it would end up costing?