After the holiday period, it’s common for all of us to rack up higher balances on our credit cards. Don’t worry we’re all in this together.

Now there are two sides to attack from to reduce the debt. Cutting back on expenses and find lower interest rates, is only one side.

Combined the three actions below to vanish your debt with speed and make you feel more lite and free again. Here we go, combine all three below.

Get A Balance Transfer.

Yes, this is an obvious choice. Search the market for a balance transfer of 0% for 6 or 12 months. You can view and compare the balance transfer credit cards available in the market here on Kredmo.

Be cautious of the balance transfer fees. And immediately set up an automatic repayment on your new credit card, because the balance transfer interest rate can if a repayment is missed. 

Check Your Expenses.

Take a quick look at your credit card statement to see which type of expenses is contributing to your high balances the most. See if there are any expenses you can cut back on. For example, spending on monthly subscriptions, food, entertainment etc.

Try Earn Extra Money. This A Big Deal!

Try to find an extra casual or part-time job for a short period of time to bring in more income. That way this extra income combined with a balance transfer and reduce expenses is a game changer!! This can leap you out of your credit card debt and vanish your balance with speed.

We know that the above ways seem obvious. But like most things we need to be reminded from time to time. I hope that this reminder helps!

Share with us your success stories, suggestions or struggles in the comments section below.


Add your email address to the form at the bottom of our homepage to get sent other helpful credit card tips. You can also follow us on Facebook, Instagram or Twitter.