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What are some Suze Orman tips about credit cards?

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Quick Answer

Suze Orman suggests that consumers see if they qualify for a balance transfer into a new credit card with a low or 0 percent introductory interest rate, states the Suze Orman website. Orman also suggests that consumers pay the minimum monthly payment due on each credit card and if possible, send the credit card company extra money on top of the minimum payment.

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Full Answer

Orman also suggests that consumers pay off the credit card with the highest balance first, explains her website. Once the card with the highest balance reaches zero, Orman suggests consumers pay off the credit card with the highest interest rate. Orman states that consumers should continue this pattern until all credit card balances reach zero.

Suze Orman is a best-selling author and finance expert, according to Bio. Orman published her first finance book titled “You’ve Earned It, Don’t Lose It.” Two years later Orman reached the bestsellers list with her book “The 9 Steps to Financial Freedom.” In 1999, Money Magazine named Orman a “power-broker” and she went on to star on her own finance television series named “The Suze Orman Show.” Orman appears as a guest on several finance channels and makes appearances on other programs, such as “The Today Show.”

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