Minimizing Your Credit Card Interest Payments
Sometimes you don't realize how much interest you are paying on your credit cards until you look at your end of the year statement or begin to follow your statements closely and see that your balance is not decreasing much. One of the most common causes of escalating interest payments is that of only making minimum payments, especially if you have a high credit line and frequently use your card. It may not seem like much of a problem until you want to use the card and discover you don't have very much available credit to make purchases or take cash advances. One of the easiest ways to minimize interest payments on your credit cards is to pay them off during your grace period, but that is not always practical, especially if you have a high credit line and use your card to make larger purchases such as furniture and airline tickets. ...
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