Pay more than the minimum payment
Posted in: Credit Cards
If possible, always pay more than the minimum payment listed on your credit card bill.
If you pay more than your listed minimum monthly payment amount, you will be able to repay your debt faster and save money in the process.
Come up with your own repayment schedule and plan on increasing your monthly payments whenever possible.
Paying even slightly more than the listed minimum payment can end up saving a lot of money in interest charges over time.
Recommended tool: Credit card minimum payment calculator
Comment on this Tip
Recent Tips (All)
Recent Credit Cards Tips