Tips to Lower Your Credit Card Interest Payments

Are you concerned about high credit card interest rates? These tips can help you avoid paying interest, or lower the amount of interest you pay:

1. Pay off the balance in full each month.
2. If you can’t pay off the balance, pay as much as you can.
3. If you have more than one card, charge items to cards with no balance, or a balance you can more easily pay off.
4. If all of your cards have balances, try to avoid using the cards until you have paid down each.
5. Understand whether your card has a grace period where you will not be charged interest for a purchase. Try to pay off the purchase within the grace period.
6. If your card does not offer a grace period, consider replacing it with one that does.
7. Some credit cards offer no-interest periods for new cardholders. Be aware that once the period ends, you may have to pay off the entire balance, or be charged interest on the entire amount.
 8. If you make payments on time and have a good credit rating, you should be able to ask for a lower rate, or obtain cards with lower rates.

Avis Lending can help you finance or refinance your mortgage. To learn more, contact us.

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