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1. Identify credit cards and their balances
2. Apply for new credit card with balance transfer for 0% interest
3. Transfer balance with highest interest to 0% card
4. Apply debt avalanche (highest interest rate) or debt snowball (lowest balance) method; focus on paying off one balance at a time while making minimum payment on others
2. Apply for new credit card with balance transfer for 0% interest
3. Transfer balance with highest interest to 0% card
4. Apply debt avalanche (highest interest rate) or debt snowball (lowest balance) method; focus on paying off one balance at a time while making minimum payment on others
CNN
Personal Finance
Money
Posted 3 y ago
Responses: 2
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Ok. 5. I just pay mine off every month. Oh, FYI, don't just pay the minimum off each month. That holds down your credit score.
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LTC Eugene Chu
You have the biggest and greatest point of all. Most credit cards today offer rewards as rebates from spending. Issue is that they only are beneficial if you do not carry a balance that accrues interest.
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SFC Randy Hellenbrand
LTC Eugene Chu - Bullseye. Sir. I'd say Uncle Sam was justified in paying you the big bucks. Hope you had a great Christmas and New Years.
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LTC Eugene Chu
1. It is cumbersome to use paper bills for a major purchase (e.g. car, house, etc.)
2. Credit cards offer fraud protection, debit cards do not
https://www.cnbc.com/2019/08/15/2-occasions-when-its-important-not-to-use-cash.html
2. Credit cards offer fraud protection, debit cards do not
https://www.cnbc.com/2019/08/15/2-occasions-when-its-important-not-to-use-cash.html
2 occasions when it's important not to use cash
Most of the time, it's safer to use credit or debit cards rather than cash. If you can help it, these are two times you should absolutely consider leaving your money at home.
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Cpl Benjamin Long
LTC Eugene Chu Cash doesn't have to be digital... And protection only goes as far as the insurance does go bankrupt from the payout
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