How to Pay off Credit Card Debt

Keep up with credit card bills using these tried-and-true strategies.

Midsection Of Woman Analyzing Financial Bills
(Image credit: Getty Images)

If you are struggling to pay off your credit card bill, you are not alone. Credit card debt hit a record $1 Trillion in August. And inflation paired with higher interest rates may further complicate your efforts to avoid credit card debt.  

After years of pandemic-related restrictions, it's easy to understand the urge to spend more on experiences and make up for lost time. Some of us pay our credit cards in full every month and never carry a balance. However, that’s not the case for everyone, especially millennials and older adults. If you’re carrying credit card debt, consider these strategies to eliminate or reduce what you owe — before it’s too late.

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Ellen Kennedy
Personal Finance Editor,

Ellen writes and edits personal finance stories, especially on credit cards and related products. She also covers the nexus between sustainability and personal finance. She was a manager and sustainability analyst at Calvert Investments for 15 years, focusing on climate change and consumer staples. She served on the sustainability councils of several Fortune 500 companies and led corporate engagements. Before joining Calvert, Ellen was a program officer for Winrock International, managing loans to alternative energy projects in Latin America. She earned a master’s from the U.C. Berkeley in international relations and Latin America.