 TITLE: 11 Ways to Pay Off High Interest Credit Cards CONTENT: If you have debt across multiple credit cards, the balance on the card with the highest rate is the most expensive to keep. Aim to pay it down first with any extra money you save or earn, an approach called the debt avalanche. Once that balance is gone, you'll apply the extra amount you paid to the card with the next-highest interest rate.\nHere's how it works. Say you have a credit card with a $3,000 balance at 17% APR and another with a $2,000 balance at 12% APR. If you pay off the higher interest card within six months instead of 12, you'd save about $133 in interest. By contrast, targeting the lower interest card would save you just $62 in the same time frame. END