If the only thing that matters to you when paying off debt is saving dollars and cents, the payment strategy that clearly makes the most financial sense is paying off your balance with the highest interest rate first. So try this method out and start watching your balances shrink!
Start out by doubling your monthly payments on the card with the highest APR while continuing to make the...
This Week's Credit Tip
Recent Credit Tips
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Apr 19, 2013 | Keep your credit cards off public computers
There aren't a ton of us who use public computers; you know, the ones you find at libraries and ... well, libraries. But to some degree even the computer you use at work is a semi-public computer, and odds are it's got a ton of your... -
Apr 11, 2013 | Can I ask my credit card company to lower my interest?
Sometimes it's the most obvious questions that provide the best answers. If you're racking your brain on how to pay down your credit card debt despite high interest, it might have occurred to you to simply ask... -
Apr 02, 2013 | What is Chip and PIN technology? (And when does it come in handy?)
You may have heard the term "Chip and PIN" technology before, maybe on our site or elsewhere while skimming the morning news. Odds are, you had no idea what that was, and you may have just... -
Mar 21, 2013 | Can a credit card save you $100 on one purchase?
There are credit cards out there - particularly those offering a $100 cash back bonus when you spend $500 within the first three months - that can save you at least $100 on just one purchase. Granted, you generally need good-to-... -
Mar 13, 2013 | ALWAYS put authorization charges on your credit card
Depending on what kind of plastic you use, authorization charges can be either an invisible you charge that's gone before you notice, or an impressive pain that will have you scrambling for a reverse charge. First, the... -
Mar 07, 2013 | Should you sign up for a "theme" credit card?
Theme credit cards are credit cards attached to household brand names and interests that mostly serve a niche audience; Disney, the NFL, Williams-Sonoma, things like that. Theme or "Specialty" cards - like all credit cards -... -
Feb 25, 2013 | Why prepaid cards are the best kinds of plastic to send your kids on a trip with
Prepaid cards serve multiple purposes, the most important of which include consolidating your cash and teaching your kids how to use plastic wisely. However, one of their... -
Feb 15, 2013 | What to pay down first: your credit card, or your car loan?
Determining which of your debts to pay off first can be tricky. Sure, it might seem like paying off your car loan and finally owning that car, paid-in-full, is the right idea. But the answer really depends on what... -
Feb 08, 2013 | Don't ask a potential love interest what their credit score is … not on the first date, anyways
Back in December, the New York Times published an article detailing the sharp rise in interest when it comes to a possible love connection's... -
Jan 31, 2013 | Checking your own score? Don't worry - it won't hurt your credit
We've touched on this in the past, but a common question we get from our values users is, "Does it hurt my credit when I check my own score?" The answer is No. And her's why...
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