Got Credit Cards?

-Interest Rate-Check on your credit card’s interest rate. Check around with different credit card companies to see if they offer lower interest rates that you can get.

-Call the Company-It doesn’t hurt to call your credit card company and ask them if they can reduce your interest rate. Most of the time your credit card company can reduce your rate if they can tell that you are in good standing with them.

-Get Rewards- Look for a credit card that offers rewards for making purchases. Our family has a credit card that offers 1% cash back on all purchases. Then, it also has 5% cash back on different set things for each quarter. It’s not much but it adds up quickly especially if you know you are going to purchase a bigger item. You can put it on the credit card but have the money set aside so that you can pay it off at the end of the month.

-Don’t Get Upside Down-Try your best to put only what you can pay off at the end of the month on the credit cards. You might not be able to do this at first if you have a high debt already but you will get there if you work on it.

-Paying off cards- When paying off credit cards start with the card with the highest interest rate first. Pay more than the minimum balance and pay as much as you can until you pay it off. Then start on the next one until you are debt free!