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Minimum payment, more than minimum and full payments. Sounds straight-forward enough, but each choice can have dramatic effect on how much and how long it will take to pay off your credit card. Learn more about the pros and cons of each option on this episode of 2 Minute Finance.

(If you haven’t had a chance to see our video about compound interest, it might be helpful to view the video before watching this one. Similar concepts, different application).



Disclosure: This blog may receive a commission if you decide to use or purchase the products/services recommended by NerdWallet. The advice given by NerdWallet is for educational and informational purposes only and is not necessarily the advice of 2 Minute Finance. Additionally, companies, products, or services recommended by NerdWallet are not necessarily endorsed by 2 Minute Finance.

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