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Having multiple credit cards is good for your credit score, so consider keeping your high-interest account open while you look for a new card with lower interest or better credit card rewards ...
2. Make more frequent payments. You can reduce the interest you pay on credit card debt by making multiple payments on your balance each month. Taking this step reduces your average daily balance ...
Key takeaways. High-interest credit cards can significantly increase the cost of carrying a balance, with rates around 30% APR being particularly expensive.
With average credit card interest rates at an all-time high, snagging a lower rate could help reduce the interest you pay and enable you to get out of debt more quickly.
And current credit card interest rates hover above 20 percent, which means high interest charges on outstanding card balances. There may also be a lack of education around credit card debt.
The latest Consumer Price Index report (CPI) showed an overall price increase of 0.4% for all items, seasonally adjusted. It's not the biggest jump we've seen, but the CPI, which shows the average...
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