Focus on Highest Interest Rate

• Most people who have credit card debt have it spread out over several different accounts. If this is the case, one option is to pay down the credit card with the highest interest rate first. By doing this, you can save money by paying less interest. This gives you more money to apply toward the actual debt and can help you get out of debt faster.
  
  

Pay Bi-weekly

• Another strategy simply involves making a payment every two weeks instead of once a month. Instead of making a full payment every month, you divide your payment in half and pay that amount every two weeks. The reason this works is because you are making a full extra payment every year. This is a common strategy with mortgages and it also works with credit card debt.
  
  

Balance Transfer Strategy

• While it can be risky, the balance transfer strategy can help you pay down your credit card balances quickly. With this approach, you open a new credit card that has an introductory interest rate of zero percent. Then you transfer the balances from all of your other credit cards onto this card. This can give you somewhere between 12 and 18 months to pay your debt without interest. The risk lies in not paying down the balance before the introductory rate expires. It can also be tempting to spend more on the cards that you just cleared.
  
  

Get the Debt Snowball Rolling

• The debt snowball method is another approach that you can take toward paying off your credit cards. This approach focuses more on the psychological aspect of paying off accounts. With this strategy, you make only the minimum payment on every credit card except the one with the smallest balance. You pay as much as you can toward that one. This helps you pay off that smallest account first. When that account is gone, you use the money that you had been paying toward that card and apply it to the next smallest credit card balance. You keep paying off accounts like this until your debt is gone.