Organize your Credit Card Debt

Pick a card, any card. Do you have multiple department store or gas cards that you never use? Do you pay annual fees for cards that never see the light of day? Then perhaps it's time for a little house (or wallet) cleaning.

Organize your Credit Card Debt

Pay. If you have numerous credit card balances, tackle the one with the highest interest rate first and pay the minimum amount required on all your other balances. When that one is paid off, roll that amount into the next highest credit card balance (old amount plus the minimum balance required).

Transfer. Consider transferring your higher rate credit card balances and loans to a card with a lower rate. Also, research VISA® Balance Transfer specials which can offer a very low rate for a specific amount of time.

Choose. Figure out which card you've had for the longest amount of time. Make sure to keep this card open, since lenders often see borrowers with short credit histories to be riskier than those with long credit histories. Determine one or two cards to utilize regularly and leave the rest at home. If you have a card that has a low interest rate or offers rewards, it may be best to keep it open. It’s alright to close those credit cards that you’re no longer using, as long as they don’t have balances and you have other cards.

Follow up. If you choose to close a credit card, make sure to send a letter to the issuer sharing your decision. Double check your credit report to see if the card is reported as "closed."

Which Members 1st VISA Card is best for you?

  • Cash Back – Earn cash back for everyday purchases.
  • Points – Earn points to use towards great items.
  • Low Rate – No frills, just a low interest rate.

For more details or to apply click here.

Already have a Members 1st VISA credit card? Ask for a credit line increase!

Learn about our balance transfer program.


Please be aware that by continuing you will be leaving and viewing content from another website.

For your protection please be advised that public Internet email is not secure. Various links within our web site allow you to submit information to us by public Internet email. Please DO NOT provide personal or account information through public email or submit any personal information that would compromise your identity including your account number, social security number, credit card numbers, electronic services PINs, passwords or mother's maiden name. Members 1st will not respond via public Internet email to requests-for-account-information or account activity. Please contact Customer Service with these types of requests at (800) 237-7288 or (717) 795-6049.