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2. How to maximize your 0% APR credit card and avoid debt traps

   www.aol.com/finance/maximize-0-apr-credit-card...

   17. $150 BT fee, $12.23 in interest. Card with no intro APR offer. $5,000. $300. 20. $946 in interest. With the 0 percent APR credit card, you’d save $783.77, even with the 3 percent balance ...

3. How to pay off credit card debt - AOL

   www.aol.com/finance/pay-off-credit-card-debt...

   2. Test the snowball method. With the snowball method, you pay off your debts from smallest to largest. Getting a debt paid off in the shortest time possible is a good motivator that could help ...

4. Should I close my credit card if I have a high interest rate?

   www.aol.com/finance/close-credit-card-high...

   A high-interest credit card can make it a lot harder to pay off credit card debt. Even if you only carry a balance on your credit cards occasionally, high interest rates can cost you a lot more ...

5. As the average credit card balance surpasses $6.5K, here's ...

   www.aol.com/average-credit-card-balance...

   Americans' average credit card balances grew to $6,501 in 2023, according to Experian data from the third quarter of 2023. That's a 10% increase from 2022. Paying off credit card debt on a tight ...

6. Debt snowball method - Wikipedia

   en.wikipedia.org/wiki/Debt_snowball_method

   The debt snowball method is a debt -reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum payment on larger debts. Once the smallest debt is paid off, one proceeds to the next larger debt, and so forth, proceeding to the largest ones last. [1]

7. Common debt payment roadblocks and how to tackle them - AOL

   www.aol.com/finance/common-debt-payment...

   Let’s say you take on $5,000 in credit card debt with an 18 percent APR and a minimum payment of 1% of the balance plus interest – a starting payment of $125.