Get out of Debt Sooner!
Mint found a way to lower my credit card interest! I made a promise to myself to be debt free this year and you are helping me get on my way.
—Dave B.
Credit cards are convenient, but if you regularly carry a balance you could end up paying more in interest than you did for the thing you bought. Credit card debt can pile up quickly. Here’s how credit management from Mint can help you dig out.
Get a lower interest rate.
Add your credit cards to Mint’s personal finance software and we’ll instantly show you your APR and what you’ve been paying in interest and fees. Then we’ll analyze your spending and payment history to see if you’d save money with a new credit card— some offering 0% APR. Use our information to either get a card better tailored to your lifestyle, or negotiate a lower rate with your current company.
See where you’re spending.
With your credit and debit cards connected to Mint, we’ll automatically download and categorize your transactions for you every night. Check out your spending trends to see where you can improve.
Decide where to cut back…
Set realistic goals for the categories you’ve decided to cut back on. If you spent $200 dining out last month, try a budget of $150. Mint will send you a gentle reminder via email or text message if you spend over your personal budget.
…and reduce your debt faster.
Apply your savings to the payment on your highest interest credit card. Now you’re putting a dent in your debt. And Mint's personal budget software will show you how your financial health improves when you do.
