Strategies to Pay Off Loans Faster With a Credit Card
Make minimum payments on all debts except the one you're focused on paying off
Pay as much as you can towards the highest-interest debt each month
Ask for a lower interest rate by calling your credit card company
Consider transferring the balance to a card with a 0% intro APR for 12-18 months
Pay more than the minimum due on your credit card bill each month
Put any extra money, like tax refunds or bonuses, towards the credit card balance
Avoid using the card while paying down the balance
Look for cards that offer rewards you can use towards paying down the balance
Set up automatic payments to ensure you don't miss payments
Track your progress each month to stay motivated and see your balances going down