Minimum repayments are the minimum amount you are required to pay off your credit card balance. The minimum repayments are calculated as a percentage of the total balance outstanding on your credit card. This amount is usually set around 2 percent, however depending on your balance if you were to pay only the minimum amount it would take you years to pay off. To pay off your credit cards sooner, try and pay more than the minimum repayment required or make the most of the interest free period (if applicable with your credit card) and pay the total balance off each month to save more. If you want to save more in interest on your credit card, below is a table of some of the best balance transfer credit cards available.