If you have credit card debt, you’re not alone: Americans owe a record $1.08 trillion on their cards, according to credit reporting agency Experian, with the average balance pushing past $6,300.
Carrying a large balance increases your debt burden, hurts your credit score and negates any benefits you’re getting from your card’s rewards plan. And with credit card interest rates at historic highs, it can be harder than ever to get out from under.
Below, CNBC Select reviews the best ways to chip away at your credit card bills, whether you’ve got one card or a walletful.
Using a balance transfer credit card
You can avoid crushing interest rates by transferring debt from high-interest cards to a balance transfer credit card that has zero…
