credit cards

Change your credit card game plan

Bankrate Audio » Change Credit Card Game Plan

Listen to audio

Editor's note: This is a transcript of the audio file.

If paying on time and more than the minimum due on your credit card is not getting you the interest rate you desire, it's time to change up your credit card game plan. I'm Kristin Arnold with your Personal Finance Minute.

The first thing to beat the credit card game is to not carry a balance. Now, that's easier said than done ... and if you do carry a balance, try to pay it off as quickly as possible. Many issuers have moved to a variable interest rate, which fluctuates with whatever interest rate index it's tied to.

If your interest rate is moved too high, think about transferring your balance to a lower fixed-rate account. Be sure to read the fine print about transfer fees and minimum charges.

Finally, don't carry a balance each month. Credit cards were not meant to carry balances for long periods of time. Before you ring up a large purchase on your card, be sure you can pay it off in a set amount of time and then follow through.

For more information about mastering credit cards, log onto I'm Kristin Arnold.


Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.22% --0.00 16.22%
Cash Back Cards 16.49%  0.07 16.42%
Low Interest Cards 11.44%  0.09 11.35%
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.


Credit Card Blog

Mitch Strohm

Will card fraud increase at the pump?

Fraudsters may be taking advantage of the lack of security at pay-at-the-pump card readers.  ... Read more

Partner Center

Connect with us