I've only had debit cards my whole life. The concept of have a revolving balance on a a credit card is foreign. However, I've considered the flip side where you get a percent or two bonus of some sort for all the charges with the card. I know of people who cash in pretty big with this.
The emergency fund is key to getting out of the CC cycle.
Unless it's changed recently, debit cards do not offer the cardholder protection against fradulent charges and "credit holds" that credit cards offer. We have credit cards and, with rare exception, the balances are paid off monthly. Protection (and, sometimes, benefits like cashback) without the cost.
Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome. - Booker T. Washington
I agree with paying off the smallest first. I do suggest that you not close the account right away. Freeze it in a glass of water and keep it on your credit report for now. Available credit is part of your score.
Take that payment money and "snowball it" onto the next CC you want to pay off. Then do the above again. Etc, until you're debt free!!!
We only have 1 CC. We pay it off monthly. We use it for everything we can and do a lot of free travel on the rewards.
It's a wonderful goal to pay off your CCs. You will feel fabulous along the way at your monthly successes as well as when you hit zero! congrats on your goal!!!
We put everything possible on our CC and pay it off every month. FF miles ya know...… We have no debt.
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