beentheredonethat (Guest) - another thing you can do if you are strapped and can't pay alot extra but will show a difference to keep you doing it each month is take your minimum payment and add to it the interest amount (finance charge) that is shown on the statement and make sure to pay it with your minimum each month.  Thats what I did and it made quite a difference and helped me pay off an old account quicker.

rhitter94 - I have used this method, but something a little different.  I pay the minimum payment when the bill gets in and then an additional amount two weeks later.

- ya k....... thank u very much for this kind of blog........

- good information for us.thanks

ajamiro - thanks for the information by the way

ajamiro - cool....

anne_20002002 - nice info. thanks

sulasok - Nice article!

- thats good

sulasok - Very informative, thanks for sharing it.

bogsy - thanks for sharing ..im still thinking when will I start

jebsmommy - Thank you I'm going to start tomarrow

- great article, thank you for writing this blog :)

- Thanks for grat calculations.

shinkai03 - Amazing article!

shinkai03 - Nice information thanks a lot!

xwhiteshadowz - thanks

varushar - nice calculation buddy...it will definitly help me

nagasri - It is good and nice one

leira03 - this was good. :)) i'd like to try it.

- great articles.thanks

scgodess - I take advantage of online payments as well.  I'll pay 2 or 3 smaller payments each month on my credit card.  Maybe the minimum payment is only $15 but i'll pay $15-$20 a pay.  Not only does it help me budget but it pays down my card a lot faster

- good one

- great articles.

lingesh - Good one

- Thanks for sharing your experience. It's good help for me.

djonghs - Hmm, never thought of this, thanks for your share.

strmek - Good one!

strmek - Very useful one, thanks!

- I had thought of this with mortgage but never with credit cards. Great idea.

jdmanuel - such a nice share from you. keep writing more of your knowledge regarding money matter. it helps many viewers of this website. thanks!

szack - U're very good

- nice tips..help me to plan my credit payment.thank

bandulf - so that's the way it is...honestly i have never tried any credit cards now .. i have no idea what a fishy done there , but now as i read this article ive learned slowly about this , thnks for this article .. keep charge

- Great information.  I always wanted to let you know that all of your blogs are packed with great information....I always look forward to reading yours.

 

- that's why it's best to use credit card only when it's really necessary.

anne_20002002 - it's all true ! nice article

aida0205 - use credit card can make u bankrupt.. hehehe.. they have hidden chargers

zenpakuh - Good review!

zenpakuh - Nice information.

- well Its credit cards only which caused the trouble to majority of population..so many hidden charges.

- it is helpful toppic.........   

- wonderful blog

- It is really an Eye Opener! I didn't know. Thanks for sharing such useful Information

scgodess - I usually try to make a payment on my credit card every pay even if it's only $15 or $20.  This way i'm never late and I'm kind of making double (and sometimes) triple payments. 

oreocookie3 - I really don't understand the concept of dividing your payment in half and saving interest. You'd be paying the same payment which includes the interest, so I just don't understand what you are saying. Sorry. :)

- It is really an Eye Opener! I didn't know. Thanks for sharing such useful Information!

- That's a nice tip. You don't need to stop at two payments though....you can pay as soon as you have money to spare so you won't spend it on other trivial things.

Number1Femme - Thank you for sharing that information :)

- This is a great way, most important is your post give me a great information, thanks for information

sikat - That is an interesting proposition. I hope a lot of people will read this and try this for themselves.

belleph - this is really an eye opener..

- your blog is gr8.. you are the top blogger in the site.. thanx for posting..

- This will serve as eye-opener to many.  So paying more frequently in short term does save you a lot of money.  Thanks for the info.

sona - Very interesting. I have not noticed the calculation earlier. Very helpful articles.

ruel_ortilla - unique!!!!!

- this is interesting, and yes as i have worked in a credit card company... you can actually maximize the number of days before you pay your due without paying any interest. you just have to know when and how to do it. :)

MVVSPR - Interesting information.I will try it out.

- interesting idea .. i will try it once..

mikeadam (Guest) - Imagine yourself being free from credit card debt – no more threats from collection agencies, no more anxiety, and no more sleepless nights. If you think you can get out of debt on your own, then go ahead and do it. However, some people need a third party to help them through this process. If that’s the case, then you need to seek the services of a debt consolidation agency.
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mikeadam
<a href="http://www.stop-credit-card-debt.com/">credit card debt

Taface412 - Interesting idea.  I am still amazed I used to think paying the minimum due was okay....learned that lesson.

Thanks.

- you were right it is better to pay on due time rather than make the credit compounds its interest . This is where the part that credit card hold starts to have huge debt because of the compound interest of the interest.

sophie_dfuss - I didn't know that credit cards accrue interests daily as much as that. Thank you sharing this information. Good article.

tennissandgirl - We did that once a couple of years ago. Can't remember how well it worked! Thanks for the reminder!

shinkai03 - Very wise and informative article, Great Work! ~.^

xayuk - Very good information!

rofizarkasih - Very helpful information. Big thanks!

- Thanks for your advice !

- thanks for your suggestion

niitesh - It really is something I would put into practice. Its a real good article and hope will be of immense help to people like me.

aliaslucs - great article, nice information.

austenfan - I didn't know you could pay before the deadline. I don't think I know anyone who does that.

aizjane - great information..thanks.It really help!

- Thas really good idea we can open a special account to get intrest and for our savings.

sweetseoul - This sounds like a great idea. Please correct me if I'm wrong.You mean to say, I'll pay twice a month before the due date....for example if my credit card due date is every 20th of the month...I'll pay the bank on day1 and day 10 of the month.....if my minimum credit due is $50..i'll just pay $25 each time? Is that correct?  Thanks!

sophie_dfuss - Wow thanks for sharing, I didn't know credit cards put up interests as much as that.

niitesh - Yes its a great way of improving the credit card creditability!!!

WoolF - great idea...thanks so much!

- Thanks for your advice .

aida0205 - what a great idea..

erica5412 - My aunt told me to pay more frequently once & I started doing that on a few of my credit cards & my credit score improved. This is great advice for anyone who has debt! Great info!

Cfrance - Great ideas. I am glad I read this one. I wish I could have read it years ago.

wonderful1 - good tips. i will tell it to all my friends in debt. thanks.

- That is a great idea. I had never considered this. Thanks for the information. I think I will try this with some of my bills.

- i will try this idea

beautyqueen26 - I will try this idea. As you point out, there's more than one way to decrease your credit card debt without paying more.

Hopefully this site will help me discover the ways.

Thanks for your informative article.

Very helpful.

Debbie - When I paid credit cards bi-weekly instead of once a month, my statement would say I owed "0" for the minimum payment most of the time.

If you're minimum payment is $100 and you send $20 per week you've only paid $80 of your minimum payment so your statement should show you still owe $20, but it will depend on when the billing cycle ends each month -  if they've only processed 2 out of 4 payments by the time they print your bill, for example... 

If you want to send the same amount to your credit card but pay it weekly rather than all at once, divide your minimum payment by 4 weeks so you know how much to send each week.  Keep an eye on your due date and make sure all 4 payments are sent/applied before the due date though b/c if your last payment is made AFTER the due date, you'll technically be late....

- This sounds like a great idea and I totally understand the concept. I just have a question, after you did this what did your monthly statement end up being?  For example, if the min payment is $100 so I send $20 every week by the time the bill is actually due will it still show $100 or something else? 

- Recently many credit acrd frauds have been detected and many of them are in trouble and may be majority of them haven't read about all the details given here

- Most credit card companies allow you to pay online with no transaction fee, or you can use their automated line for no extra fees.  I pay our credit cards weekly as well, and I haven't had any problems with it, and I do save a bunch in interest.

VickyG (Guest) - Most credit card companies only allow payments to happen within a certain window of time.  They would regard the earlier month payment as "extra" and then still expect the full payment when your due date roles around.  It's still a great idea if you can scrape the cash together, but you may still have to make your full payment later in the month. 

Carolyn - Great idea - one thing to watch out for may be excessive transaction fees perhaps? I'm not sure on this one.