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Over the phone. If you want to make a credit card payment over the phone, call the number on the back of your credit card. Before you make the call, make sure you have the bank account number of ...
For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
Paying your credit card bill in full each month also helps you keep your credit utilization ratio — or the amount you owe on your cards in relation to your credit limits — in check.
Here are several techniques for paying off credit card debt the smart way. 1. Try the avalanche method ... If you make the monthly payments in full and on time, your credit score could see a ...
A balance transfer card is a type of credit card specifically for paying off debt. It has a 0% intro APR on balance transfers, meaning debt you bring over from other accounts.
Image source: Getty Images. When you have $10,000 or more in credit card debt, it's a serious financial issue. The average interest rate is currently 21.51%, according to Federal Reserve data.
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