Tips to Help Reduce Credit Card Debt

To put it simply, reducing credit card debt is as easy as preventing it from increasing and by paying off what it is currently. But then people wouldn’t have credit card related problems in reality if it was simple to reduce credit card debt. We can eliminate credit card debt problems or at least reduce them significantly.

The first step is to take stock of your situation. What you can do is list the balance of each credit card, the payment due date, APR, and reward points earned when you’ve drawn up a schedule of all of them. Work out which card is contributing most to your debt – this will be the card with the highest APR and the highest balance.

Check the reward points scheme and see if they can be used to make partial payments, cover fees or be used to purchase items that you might have used the credit card to purchase.

There are ways to reduce credit card debt and consolidation loans is one of them. Your debt can also be reduced with the help of a balance transfer. Transferred to the card with the lowest APR is your credit card debt. The best way to reduce your debt is curbing spending on the cards while repaying the debt you already built up.

Using cash instead of card is another preventive measure to reduce credit card debt because hard earned cash is more difficult to get out of your pocket. By not adding more to your debt, you reduce your credit card debt. Finding additional sources of income and saving money in terms of fees and interest can help you repay debts quicker.

To control spending on your credit card, you may need considerable amounts of self-discipline since we’re used to using the card when we shop. One drastic solution is to cut up all but one card which should be kept for emergencies only. You won’t be able to use them and can only spend available cash after you’ve paid the bills.

Reduce credit card debt the same way you built it up – a little at a time. For most of us, we’ve seen our credit card debt spiraling out of control over a considerable period of time. You can reduce if not eliminate your debt completely if you reduce the debt one payment at a time with discipline and patience.

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Janen Maray

Credit Card is one of the factors of Personal Finance. DISIPLINE is always the key, when you have too much debt your future is at stake. So you better have a list of what is important to buy, and what is not. It is okay to buy what we wants just make sure at the end of the day you still have money to use to.


Credit card debt is probably one of my biggest financial fears, and I’ve put off getting a credit card because of it (even though everyone is telling me I need to start building credit). I don’t want any more debt than I already have from school, but this article’s suggestions have really given me some peace of mind.

Shreni Raj

This is why I’ve always stuck to cash. I’m rather scared of credit cards, to be honest, and I’d much rather use a debit card than a credit card. At least a debit card doesn’t lull you into a false sense of security the way a credit card does, and then you’re screwed really, really badly. But yeah, if you’re in that situation, burn the damn thing, cancel the card, and go right back to cash. You’ll be a lot more wary of your spending once you’ve done that.

Mark Shiffer

I like the idea of using cash instead of credit cards when possible. This is a good way to stay out of debt and spend within your means.

Naomi Gonzalez

To help me I listed all my cards starting with the highest APR at the top and then going to the next highest and so on. That way I knew which card to work on 1st. Consolidating debt sounds like a great idea that I’m going to look into. Any suggestions?


If you let your credit card debt keep accumulating over time it can become more difficult to reduce or eliminate at all. If you reduce the number of cards you have and keep it simple you can squash your debt in no time, just take it one payment at a time and be patient.

Drew Taylor

I was lucky a major bank offered me a decent rate on a credit card.
Consolidating all my debt under a card at 10% made a huge difference both on size of payments and speed of paying the capital down.

Rustom Amaria

Building up a credit rating and avoiding debt is a sore problem for young individuals. I enjoyed reading the article and agree with the statement that to “reduce credit card debt the same way you built it up – a little at a time”. Sometimes it difficult to keep up balancing, but keeping a tab and ensuring you have sufficient funds compared to the expenses is sound advice.

Kimberly Hetherington

Great article! Using only one credit card for emergencies is a great tip but I think the real way to go is using cash only. When you use cash you can physically see the money dwindling, credit cards are clever in that they show no signs of you falling further and further into debt. For someone with a lot of debt I would suggest that they go on a credit card ‘diet’ so to speak, only using cash to pay for purchases for one whole month.

katherine tilson

If you were to set up scheduled payments for the card you could greatly reduce your debt. You would have to be well organized and stick with it, otherwise you might now pay one month and add even more to the debt. By cutting up the unnecessary cards you are essentially allowing yourself to make better choices.

bruce kramar

a considerable amount of discipline should include not using the card for anything but an absolute emergency. the balance decreases faster when you don’t incur new charges to that outstanding balance.


As you said, cutting up credit cards is a good way to hinder yourself from racking up more debt, but for people early in their financial lives, another way is to avoid amassing large quantities of credit cards at all.
Myself, I only have one card, which I use for large bills like rent, so I can either pay it off immediately or over time.

Deborah Devney

The best way to reduce credit card debt is to consolidate onto the lowest interest card, then cut them all up. Pay that one card until debt is gone, then close the account.

Using debit cards is the best way to stay out of trouble. Stop buying when the money is gone. If you feel you have to have credit cards, get cards that are limited. Care Credit is easy to qualify for, and can only be used for vets, doctors, and dentists. Consider getting a credit card that is only good at one place, for instance, the Amazon store card. It gives a low credit limit, reasonable payments. Check out the vender shipping, though. Do you really need that tomorrow? Go with the cheap shipping, or free shipping. It saves a lot of money.

Nestor Quixtan

Consolidating debt is a great place to start when dealing with credit card issues. I’ve found it best to go ahead and refinance through debt consolidation because, in the end, you will pay less interest than if you just keep making payments on each individual card.

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