Make It Rain on Your Credit Card Debt

Credit card debt can feel like a dark, gloomy cloud following you around.

You don’t have to wait for the storm to hit, though. In fact, the local weather station is forecasting that YOU are going to be the one making it rain on your debt soon.

A 100% Chance of Showers

Making it rain is usually reserved for more exciting stuff than paying off your credit card debt. However, this is a rare instance where throwing money at your problem will make it go away. Additional payments and/or paying more than your minimum will speed up the repayment process and can decrease the amount of interest you’re accruing.

Sounds obvious, right? Keep in mind that this only works if (1) you’re consistent, (2) willing to reprioritize spending and (3) have a solid plan to follow.

A 100% Chance of (Debt) Avalanches

Okay, so you’re ready to make it rain on your debt… but how? Enter: the Avalanche Method. This is one of the most popular strategies, especially for people with debt on multiple cards.

You’ll start by targeting whichever credit card carries the highest interest rate first. Once that debt is paid off, you’ll move on to paying down the next highest payment and so on. This is a slow-burn approach that requires patience and long-term commitment.

It may be tempting to initially target the lesser, more “attainable” debts to get them out of the way first, but if your goal is to reduce the amount of interest you’re paying, your best bet may to be UNleash an avalanche.

A 100% Chance of (Debt) Snowballs

The aggressive Avalanche Method isn’t for everyone. If you’re best motivated by short-term wins, the Snowball Method might be more your speed. This tactic prioritizes paying off your smallest debt first, regardless of interest rate.

When the smallest debt is paid off, you take the amount you were paying and add it to the payment you’ll make on the next smallest debt. Like a snowball rolling down a big ol’ hill, your payments will gain UNbelievable momentum.

Before you know it, you’ll be face-to-face with your most daunting debt and equipped with the skills, money and mindset to tackle it.

A 100% Chance of 0% Balance Transfers

Another great tactic is moving your high-interest rate balances to a different card with better rates. At Community Choice, you can take advantage of 0% Intro APR* on new purchases and—most importantly—balance transfers for six months.

This offer is available on our UNLimited Cash and Priority Plus cards. Learn more about these cards and our other products here.

It’s also not a bad idea to brush up on all the perks of (responsibly!) using a credit card.

This blog is intended for educational purposes only. For details about specific products or services, see credit union for details. For questions about investments, please consult your financial advisor.

*0% Introductory APR (Annual Percentage Rate) on eligible purchases and balance transfers for the first 6 months from account opening. After the introductory period, a variable APR will apply, ranging from 18.24% to 20.99%, based on your credit score. These rates are accurate as of 01/01/25 and may change based on fluctuations to the US Prime Rate as published in the Wall Street Journal. To qualify for the Card Account, you must meet both our creditworthiness criteria and other eligibility requirements, as determined in our sole discretion. Existing debt with Community Choice Credit Union, including but not limited to credit card balances and other outstanding loan balances are not eligible for the 0% introductory APR. 0% Introductory APR only valid on the UNLimited Cash Card and Priority Plus Card.