Your best credit card has helped you out in many financial binds. Whether it was to help you pay that monthly bill that you didn’t have the cash to pay for, or to purchase a sweater you fell in love with at the store, it was there when you needed it. After a few months, however, you might find that your balance is more than you can handle all at once. Rather than just paying the minimum balance, you can make a payment twice a month, or even once per week, depending on how often you get paid, to help your balance come down quicker.
Time It with Your Paycheck
When you make a small payment with each paycheck that you receive, you are helping your checking account balance feel less of a hit when you make a payment to your credit card, while paying more than the actual minimum on a monthly basis. This can help to cut several months off of your balance, giving you access to your credit limit again — and possibly helping to improve your credit rating.
Make Larger Payments
When you become disciplined enough to make several payments per month on your best credit card, you can also make larger payments when you come into large sums of money. Whether you receive a large bonus, tax refund or any other large payment, staying disciplined enough to put a portion of it towards your credit card balance can help pay it off even quicker.
At CreditCardApplications.com our #1 priority is finding your best credit card to give you the benefits that fit your needs the best.