How much should I pay on my credit cards? : Smarter Finances ...

2) with what you have left, pay off as much as you possibly can on your highest interest cards/loans until all are paid off that have a higher interest rate than the rate of return on your investments ... Any amount over this minimum required payment will go onto the principle of the loan. Most credit cards are set up to be a 15 year loan. The interest rate of this “loan” is also on your monthly statement. Different credit card statements put this information in a ...