The High-Interest Trap: A Banker’s Guide to Conquering Credit Card Debt Before 2026
This blog post is a guide for Millennials and Gen Z who feel trapped by high-interest credit card debt, making payments without seeing any real progress. From an insider’s “banker” perspective, the article reveals the biggest mistake most people make: treating all debt equally by spreading out payments. It argues that the true enemy is the high Annual Percentage Rate (APR), which banks exploit through the minimum payment system.