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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 ...
This won't take your credit card interest to zero, but getting a lower APR can help you save money on interest -- and pay off credit card debt faster. 3. Pay off higher-interest cards first
Many credit cards charge interest rates of 20% or higher. Check out the best strategies to follow and never pay interest on your credit card.
While credit card interest rates have fallen recently, rates are still relatively high, with the average rate at 20.13 percent as of February 2025. This level of interest means that not paying ...
Millions of Americans are buried in high-interest debt. This is the most dangerous type of debt. Largely associated with credit cards -- which sport interest rates averaging 21.51% as of the second...
The best debt consolidation loans tend to carry lower interest rates than credit cards, so if you meet the qualifications, you may be able to save money on your credit card debt. The bottom line
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