Sentences with phrase «on a high interest card»

Whatever you earn in cash will quickly be lost to interest payments if you carry a balance on a high interest card.

You will make the biggest payment possible on the highest interest card and then work down the list.

We received a promotional 0 % balance transfer, but only for half of what we owe on our high interest card.

You may even consider doing a balance transfer to transfer the balance sitting on a high interest card, to a low interest card.

Get it done so you have the sense of accomplishment and then go back to paying on the high interest card!

A high debt ratio on a high interest card is a clear sign that it's not a good time to be making things worse by adding more debt.

Disadvantages: You will pay more money in credit card interest than you would have by focusing on the higher interest cards first.

The last thing you want to do is get tricked into racking up debt on a high interest card just to get a few dollars back for your purchases — it's not worth it.

Since most people will charge more on a 0 % interest card than they would on a higher interest card, you could end up with a higher balance after the end of the 0 % period.

Typically these special interest rate offers will be in effect for 6 months to 1 year so there is a large opportunity to save some money if you are currently carrying a balance on a high interest card.