Paying credit card with minimum amount monthly

Many card holders is financing the issuers. Extend their debts by doing what the card companies love, PAY MINIMUM. By paying the minimum you lets issuers generate lots of interest before that principal is finally paid off.

Eg,  
Owe: $2,500
Card interest: 18%
Minimum payment: 3%

When will you settle it?   In 180 months
Principle paid: $2,500
Interest: $2,298.98

So, think twice before getting into this trap!