Managing Your Credit Card

It is no surprise that so many people carry such expensive credit cards. After all, there is a whole industry of card issuers out there devoted to using hidden fees and interest rate gymnastics to gouge you as best they can. If you are up to your eyeballs in credit card and other debt, paying the minimums and little else, it is time to get serious. The best way to get rid of debt, experts agree, is to attack the balance with the highest annual percentage rate first. When that one is paid off, move onto the debt with the next-highest interest rate.

And if you’re looking for a specific type of card — one that, say, gives you airline mileage or no annual fee — check out our credit card rate center and pick out those that best fit your needs. The key to getting a better credit card debt deal is figuring out how much a given card really costs you. You have probably gotten a stack of card offers in the mail over the past week, each sounding cheaper than the next. Just plug in a few numbers and our analyzer will calculate the true cost — or net interest rate — of each one, so you can compare them side by side.

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