Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings. Suze Orman
If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum payment and encourage people to pay off their credit cards, we're going to make less money, but we're going to have costumers that are more solvent. Richard Thaler