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Home Education Ways to pay off credit card debt: #1 Pay more than minimum balance

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Ways to pay off credit card debt: #1 Pay more than minimum balance

Ways to pay off credit card debt: #1 Pay more than minimum balance

Tuesday, May 30, 2017, 5:55 PM

Often customers are enticed by the revolving credit facility offered by the bank. Under this, out of the total amount outstanding one can pay just 5% and remaining outstanding can be carried forward. Such a revolving credit facility cost you up to 40% per annum. Pay more than the minimum balance on each month.
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