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

Lingering credit card debt got you down? These simple but effective pay-down strategies will help you chip away at even the most stubborn credit card debt. I’m Kristin Arnold with your Personal Finance Minute.

Pay off the credit card balance with the highest APR first. The card with the highest annual percentage rate is charging you the highest interest for every single penny that you borrow with the card. So, take aim at those dreaded finance charges by knocking down the balance on the card with the highest interest rate.

Or, you can pay off the card with the smallest balance first. You boost your payments on the card with the smallest balance, while maintaining minimum payments on all your other credit cards. Once the card with the smallest balance is paid off, you move on to the card with the next highest balance.

You can also try to automate your payments … which is a good way to stay on track with your pay-down goals.

Wondering what it will take to clear out the balance on a particular card? Bankrate.com’s credit card calculator will help you crunch the numbers … i’m Kristin Arnold.