Here are seven easy steps to pay off high interest rate credit cards. In fact these tips show you how to eliminate high interest accounts entirely and how to perform simple regular maintenance adjustments to keep your credit accounts within reasonable limits.
1. Fingerprint your credit cards. On a simple word document or piece of paper list each card by name, redacted account number [last 4 digits], credit limit, balance and interest rate. On the next line list the telephone number of the customer service department so you can obtain account balance information and discuss account terms. On the third line list the minimum balance due and the due date. This information becomes your handy dandy credit card fingerprint. It gives you a mugshot of your available credit, your total debt, the interest rate charged to each account and your next payment due information.