Pay off credit card debt faster
These tips can help get you back into the black—and stay there
Pay on time and pay more than the minimum
Late payments result in fees and add to your overall debt. Paying on time and including a bit extra every month reduces your balance and interest owed.
Focus on paying off one card at a time
Credit card debt can seem insurmountable—but you can get there with the right strategy. To start, focus on one debt at a time (while still paying the minimum on every card).
Pick a plan and stick to it
The high-rate method
One strategy—known as the high-rate method— entails paying down your debt with the highest interest rates first.
Pick a plan and stick to it
The snowball method
Or start small: Knock out the card you owe the least on, and work your way up to larger debts.
Consolidate debt where you can
Transferring card balances from higher-interest cards to a lower-interest card may save money and help you pay down debt faster, but there may be transfer fees—read the fine print!
Interested in transferring your balance?
Track your progress
Knowing how close you are to paying it off feels great and motivates you to keep going!
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This material is for informational use only and is not intended for financial or investment advice. Bank of America Corporation and/or its affiliates assume no liability for one’s reliance on the material provided. This material is not updated regularly and may not be current. Consult a financial professional when making financial decisions. ©2025 Bank of America Corporation.