Credit card payoff
Best way to pay off credit card debt
The best way to pay off credit card debt depends on the rates, balances, minimum payments, and how much extra you can pay consistently.
What to know
Start with APR pressure
Credit card APRs can be high, so interest cost often becomes a major factor in the first target debt.
Do not ignore payment fit
A plan that assumes too much monthly extra payment can fall apart quickly. Test a number you can repeat.
Compare with a baseline
Minimum-only estimates show how much a consistent extra payment may change the payoff timeline.
FAQ
Should I pay one credit card at a time?
Keep minimums current on all cards, then send extra money to the first target card in your strategy.
What if a card has a promotional APR?
Promotional rates can change the payoff order. Confirm the rate end date and recalculate when terms change.
Related reading
Make it personal
Build your payoff plan from your real numbers.
Enter your debts once, choose your goal, and see which debt to pay first.