5 tips to help clear your credit card debt

Mitchell Watson, Research Manager at Canstar (http://www.canstar.com.au) gives some tips to help clear your credit card debt after the festive season.

There are a number of options available to help wipe the credit card debt that you may have accumulated. Mitchell discusses the following options:

1. Get rid of any extra cards you have
2. Look for a card with a great balance transfer
3. Choose a low rate card
4. Consolidate your credit card debt into a personal loan
5. Make repayments that are higher than the monthly minimum

For more information about managing credit card debt or to use Canstar's free interest rate comparison service to help you compare credit card rates go to http://www.canstar.com.au/credit-cards/

Copyright 2017 Canstar Pty Limited A.C.N. 053646165. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Statistics referenced in this video have been verified by Canstar Research P/L Australian Credit Licence 437917. Products referred to as business loans are not for personal, household or domestic use. See the FSCG at https://www.canstar.com.au/canstar-fscg/.

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