Credit cards companies do not provide credit cards, especially those with cashback and other rewards, out of the goodness of their hearts. They do it to earn money. And they set minimum payments so that you have to pay something each month, and so that you'll eventually pay off your balances. But the minimum payment can result in high interest cost and keep you in debt for decades. If you start out making a minimum payment, continue to make at least that payment. Your statement will show a lower minimum payment when your balance drops. But if you keep making the higher payment, you'll pay less interest and zero your balance sooner.