What is the easiest way to pay off credit card debt?
Sophia Koch
Updated on February 15, 2026
Ways to pay off credit card debt
- Pay the most expensive balance first. If you want to get out of debt as quickly as possible, list your debts from the highest interest rate to the lowest.
- The “snowball” method.
- Consider a balance transfer credit card.
- Get your spending under control.
- Grow your emergency fund.
- Switch to cash.
How long does it take to get out of credit card debt?
Making a monthly payment of $347 will get you out of debt in three years, $278 will allow you to pay the balance off in four years and $238 will have you debt-free in five years, assuming you don’t add anything else to your balance. Just be careful. A payment plan that lasts longer than five years can be risky.
What’s the best way to pay off credit card debt?
Paying off credit card debt with a low-rate personal loan can save you money: Personal loan interest rates are often lower than credit card interest rates. If you qualify for an installment loan with a lower rate, you’ll end up paying less money overall. That being said, taking out a loan to pay off credit card debt can also be dangerous.
If you have good credit — generally a credit score of 690 or higher — you may be able to transfer your balance to a credit card with a 0% introductory rate that lasts 12 to 18 months. With no interest to worry about, you can focus on whittling down the core debt as fast as possible.
How can I speed up my debt payoff?
Getting a handle on your income and expenses can you help you figure out if you have any extra money to pay down your debt. Paying more than the minimum each month can speed up your payoff timeline. While you’re focusing on debt payoff, work to build an emergency fund.
Is it possible to pay off multiple credit cards?
Debt can feel overwhelming, especially when you have debt on multiple credit cards. With these strategies you can take control, to know you’re making progress in paying off your debt and save money on interest. In more ways than one, debt can be a four-letter word.
