Why Credit Card Repayment is an Investment

You might get a very sour feeling in the pit of your stomach when you repay your credit cards. However, here’s the truth: you’re investing in your future when you’re repaying your debts. The reason for this is simple. Since most credit cards are operating at interest rates beyond 12%, you’re losing more money by not paying for something that you used yourself.

Let’s say you owe $28,000. How much would your debt be in a year? More than $70,000. Imagine saving that kind of money if you pay for the $28,000 as quickly as possible. When money is involved, keep a close fist. The closed fist in itself is an investment.

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