You've Maxed Out Your Credit Card: Here's What You Do

Congratulations! You've Ubered and Grubhubbed and online-shopped your way into credit card debt. Now you're an adult who's incurred enough debt to make a credit card company very frustrated with you. Welcome to the maxed out club!

The first time you realize that you've maxed out a credit card, you may panic, but there are many recourses you can take that aren't openly advertised by credit card companies. Some will impact your credit score more than others, but if you've come this far, you've probably realized that a credit score is just life's homework, and there's always a way to half-ass the assignment during homeroom.

Transfer a Balance

If your credit score is still decent, you may be able to transfer part of your maxed out credit card's balance to a different credit card or even open a new line of credit. (Keep in mind that every time you apply for a new credit card, it can affect your credit score as a "hard inquiry," so choose wisely and wait in between applications). A "good" credit score of around 700 will make you eligible for zero-interest balance transfers, which can be excellent opportunities to lower your debt without accruing any more interest. Just be sure to check if there are balance transfer fees!

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