How to pay off your credit card online rbc
How to pay off credit card debt. When it comes to paying off credit card debt, we recommend the debt snowball method. The debt snowball teaches you to pay off your credit card debt—and all debt—in order of the smallest balance to the largest. List your credit card debt from smallest to largest payoff balance. Don’t worry about interest rates. Almost every major bank has an online portal to make a credit card bill payment from another bank’s savings account. Seach online for receiving bank’s “bill desk”. Google receiving bank’s “payment bill desk”. Most often this search query would bring the required bill desk on the top. If you pay the minimum balance on your credit card, it takes you much longer to pay off your bill. If you pay more than the minimum, you’ll pay less in interest overall. Your card company is required to chart this out for you on your statement, so you can see how it applies to your bill.