The Reduction of the Average Student Credit Card Debt When the average student leaves college, he or she is in credit card debt for about twenty two hundred dollars. This article will give you a quick technique to work on the reduction of the average student credit card debt. Most Americans have a plethora of credit cards in their wallet and each of these different credit cards has a different rate, different balance, different available credit limit, and different terms. It is very hard to keep all of these figures straight so grab a piece of paper and a pencil. You are going to create several columns to track all of the information that you need. Set up several rows on the piece of paper and write down the name of each of the credit cards which you currently possess. For columns, use the following categories: your current balance, your available credit limit, your interest rate, any balance transfer fees, monthly minimum payment and your payment due dates. Putting down this information will allow you to see all of your credit card debt in one central location and will allow you to see the big picture. It can give you a sense of how much debt you have along with what your total monthly payments are. You will want to see what your lowest interest rate card is and if you have any available credit left on this along with a balance transfer fees. You will transfer as much of your highest interest rate credit card debt onto the lowest interest rate credit cards. This will allow you to save money on finance charges every month. The next step within reduction of student credit card debt is to find out how much money you can put towards your credit card payments every month. If you find room within your spending habits to cut out non-necessary things such as extra trips out to restaurants, you should take this money and apply it to your credit cards with the highest interest rates. For the credit card payments you have, make the minimum payment on every single one except for the highest interest rate card. Put as much money from your budget as you can towards this credit card. Once you have paid off this card, turn your attention to the next highest interest rate credit card and continue this plan of attack on all cards from there on out. Following this plan of attack will allow you to minimize your finance charges every month while paying down your credit cards as quickly as possible. Organizing your finances with the piece of paper from above is usually very enlightening for people because they don't have an idea of any idea what they owe. This is partially the reason why no one has an idea of what their overall credit card debt is like. If you have five or six cards and are making the minimum payment, you probably don't look at the big picture as often as may be necessary. Good luck reducing your student credit card debt.