If you are like me, you are trying to pay off your credit card balance.
Increases in credit card interchange rates announced by Visa last week average only 0.6 percent, but the $36 billion in total interchange fees consumers paid in 2006 will probably increase close to 20 percent this year, the Merchants Payments Coalition said today.
This makes running a credit card balance even less appealing, and adds more to the incentive to pay it off as quickly as possible.
So what are your “pay uour credit card off” tips? How do you approach it? Do you pay the lowest balance off first as per Dave Ramsay, or the higest interest rate as per Suze Orman? Comment ont his post and let us know!
