NO RISK, Best Return On Credit Cards

Posted on July 7, 2008. Filed under: -- Building Wealth, -- Credit Cards and YOU, -- Money Help (in simple terms), -- Uncategorized | Tags: , , , , , , |

Pay off your highest-interest credit card debt. The return on your investment is the interest that you no longer have to pay.

I read once that they average rate on a typical credit card is 13.9%. It may be different, hopefully not worse (although probably). Assuming that number is still accurate, the INTEREST SAVINGS on a $5000 balance over 2.5 years on the 13.9% card:$857.


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