Cut Your Credit Card Payments In Half!!
By Danna B.
@db20747 (43434)
Washington, District Of Columbia
June 17, 2021 4:07pm CST
Are you in over your head in credit card payments?! Here's a little trick to cut your credit card payments in half. You can pay just the interest. Its easy. Make sure you have at least your minimum due available as credit. Withdraw this amount and pay this plus the interest. Do this same thing next month. Example: Your bill is 100.00. Your interest is 30.00. Withdraw 100.00 and pay back 130.00. The next month do the same thing. Don't forget to add your ATM withdrawal fee. So you will pay back about 132.75. you will cut your monthly payment by 70.00!!! Do this if you're short on cash or need to save up for something else or until you can get a lower interest rate etc, etc. What do you think?!
7 people like this
8 responses
@kaylachan (58395)
• Daytona Beach, Florida
17 Jun 21
I don't pay credit cards with cash. However, I always pay a bit more than what they ask for, so that the bill goes down faster and since the interest is a percentage, it lowers the payments the lower the balance is.
2 people like this
@allen0187 (58444)
• Philippines
18 Jun 21
I try my best to not use my credit card. I prefer to pay cash. In the event that I have to use my card, I try to pay the full balance.
1 person likes this
@chiwasaki (4694)
• Philippines
18 Jun 21
I have a credit card, but I'm not sure if this is the same way here in the Philippines. The interest rates are quite high so I'm trying my best to pay all of my balance to avoid fees. Take care. Stay safe my friend.
1 person likes this
