Do you pay interest each month on a credit card balance? To avoid paying high interest fees, it's best to avoid keeping a balance on a credit card account. However, if you are carrying a credit card balance, you can save on interest costs through balance transfers. Some financial institutions offer lower interest rates for a limited period of time to convince you to transfer your balances to them.

It's important to know that credit card repayments on right time.

credit cards have interest. If the statement balance is not paid by the payment due date, the bank will charge a certain amount of interest on the remaining statement balance.

credit cards have interest. If the statement balance is not paid by the payment due date, the bank will charge a certain amount of interest on the remaining statement balance.

According to the Canadian Bankers Association, 40% of Canadians do not pay their credit card balance in full each month. When you know that credit cards are among the most expensive debts, there is reason to be concerned.

Each month, when you receive your credit card balance, you are blown away by the amount you have to pay in interest? Here are some tips to help you reduce these costs.

A recent report by Sallie Mae shows that the average college student has more than four credit cards with a combined balance of more than 3,000 dollars. Some students have as much as '7,000 in credit card debt. Closing with so much credit card debt can put a damper on your plans for entering the real world, especially if you missed or failed payments.