From our college years or from some time in our lives most of us, if not all, have gone through a period of trying to pay off our credit cards. As months go by it seems as if the balance that we owe never seems to decrease even if we don’t use any credit cards, the truth is you’re not paying anything off. In each billing period if you are just paying the minimum payment the interest that you’re paying will be all that you’re paying and not your credit card balance.

Most of you know that seeing the finance charge in your statements is a pain, since it’s more money than you owe that you’re forced to pay.

Through the years, ever since I turned 18, I’m guessing I’m one of the very few young adults who have paid the minimum amount in interests in credit cards. Not only that, my credit score is 100+ above the national average. I just kept on repeating my methods over and over again to gain my self more and more time to pay off my credit cards and paying zero to very little interests and sometimes side fees. In simple terms I have saved so much money from paying in interests than I would if I were to just pay the minimum payments in each billing periods.

Trash the Credit Card Interests
So, instead of paying these interests and making these banks extra money you can use simple methods over and over again to gain more and more time to pay off your credit card balance. Of course you can’t keep on doing this unlimited times, there is a limit to this so you have to control your spending at the same time.

If you pay your minimum credit card payments and hardly missed any payments then your credit score should be good. A good credit score will atttract other credit card companies to send you their credit card offers. To gain more time and to avoid paying interests I took advantage of the offers that other credit card companies offered. Some of them gave me 6 months to over a year with 0% APR and with $0-$75 in fees in balance transfers. Since I always pay a little bit over the minimum payments in each billing periods I had an excellent credit score. So, if you get any offers in the mail to open a credit card with 0% APR with balance transfer then go for it, but make sure it’s a well known bank. I don’t just sign up for just any credit card companies. There are certain choices of banks that I would choose from:

Discover
American Express
CitiBank (Best with 1.99% APR)
CapitalOne
Chase

Make sure the company that offers the 0% APR gives you the APR rate for at least six months or more.

Try my method, it’s better to pay those one-time $0-$75 balance tranfer fees than to pay interests continuously and paying more than you’re suppose to.

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