The average American has about four active credit cards. If you’re feeling the burden of a higher cost of living — from higher gas prices to rising grocery costs — it can be tough to make sure that each of your credit cards is getting paid on time.
While the goal should always be to pay the full statement balance, that’s not always possible. The May 2025 Economic Well-Being of U.S. Households report found that, in 2024, 46% of credit card owners said they carried a balance at least once during the prior 12 months.
CNBC Select offers some tips on how to manage credit card debt and things to consider when prioritizing your debt repayment.
Deciding which credit card to pay off first
Continue to make minimum payments
Even if you’re not able…