It can be formidable to tackle your credit card debts if you focus on the absolute amount. Alternatively, break your debt into smaller portions. If you have mixed credit cards, that’s a standard way. But if you have had one credit card, consider portioning it into smaller amounts. It will make the repayment process more reasonable.
For example, say you have $20,000 of credit card debt constituted of $11,000 on one card and $9,000 on another, settle the $9,000 balance first. The reason behind this is, it can boost with smaller wins. After you refund the credit card with the lowest balance, move on to the next smallest and so on.
A credit card with the interest rate translates to spending the most amount of interest compared to the initial balance. With a credit card, you aim to lessen the initial amount to inhibit the interest that accrues. Therefore, concentrate on repaying not only the interest but also the initial balance.