1 / 7Most credit cards charge 30-42 percent interest. No other loan has higher interest than this. However, you can avoid paying more interest by making regular loan repayments.2 / 7Understand the Mathematics of Compound Interest Suppose a person has a credit card bill of Rs 10,000 due and is charged 42 percent interest. The interest will increase by about 3.5 percent every month. Interest charged on your entire amount (Rs. 10,000) every month.3 / 7So you have to pay interest of Rs.1750 only for one month. And the late fee charged is different. Therefore, interest on credit cards increases rapidly.4 / 7Personal loan good? If you are having trouble paying off credit card balances, a personal loan is a good option. Because personal loan from banks will get only 12 to 14 percent interest, while credit card balances have to pay 30 to 42 percent interest.5 / 7Personal loan good? If you are having trouble paying off credit card balances, a personal loan is a good option. Because personal loan from banks will get only 12 to 14 percent interest, while credit card balances have to pay 30 to 42 percent interest.6 / 7EMI Another way to pay good credit card bill is to talk to the credit card company and convert the outstanding amount into EMI. Suppose the bill is one lakh rupees and you are unable to pay it, you can pay it gradually through EMI.7 / 742% interest is waived on installments on EMI. The interest rate on EMI is only 12 percent. So EMI can be a good option too. It is essential to plan the future amount to be paid at once when purchasing by credit card if possible.