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You can minimize the amount of interest you pay by paying down your daily balance on your credit card.
Find your average daily balanceYour next step will be to find your average daily balance, which you will eventually apply your daily rate to.
Multiply daily rate by your average balanceAt this stage, you can apply your daily rate to your average daily balance by multiplying the two together.
How to reduce credit card interestIf you've been making payments on time on a credit card for a few years, you can call your credit card company and ask for a lower rate.
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