A debt-free world shouldn’t sound utopian.

Credit card debt remains a major source of financial stress for many Americans today. This burden is especially pressing for Black Americans who—amid rising living costs—often contend with financial inequalities and limited access to generational wealth.

In fact, 57 percent of Black Americans carry credit card debt, a figure that highlights just how widespread and overwhelming the problem is.

Still, there are ways to break free from the credit card trap. With a combination of strategy, discipline, and support, Black individuals can regain control of their finances and work toward greater financial stability.

8 Smart Strategies to Tackle Credit Card Debt

Here are 8 practical approaches to help you manage and eliminate credit card debt:

1. Limit Credit Card Use

If you’re trying to get out of debt, the first step is to stop adding to it. Use your credit cards only when absolutely necessary, and avoid relying on them for daily expenses. Sticking to cash or a debit card can help control your spending.

2. Negotiate With Creditors

To make monthly payments more manageable, you can call your credit card company to ask about hardship programs or the possibility of lowering your interest rates. If you have a strong history of on-time payments, they may be willing to work with you.

3. Choose a Debt Repayment Strategy

There are two popular methods for paying off multiple credit cards:

• Debt Snowball: Pay off the card with the smallest balance first while making minimum payments on the rest. Once the smallest is gone, move to the next smallest. 

• Debt Avalanche: Start with the card that has the highest interest rate. Pay as much as you can on that one while making minimum payments on the others. Once it’s paid off, tackle the next highest-rate card. 

4. Use a 0% APR Balance Transfer Card

You can move your high-interest debt to a new card with a 0% interest rate for a limited time (often 12 to 20 months). 

While there’s usually a transfer fee of 3% to 5% of the balance, the promotional period gives you more time to pay down your balance faster.

5. Earn Additional Income Through a Side Hustle

Taking on a part-time job, freelance work, or weekend gigs can bring in extra cash. Remember—to make the most of it, apply that income directly to your credit card debt, not new expenses.

6. Invest in Financial Education

Take time to learn the basics of personal finance. Do this by reading books, taking free online courses, or following Black finfluencers like Tiffany Aliche on social media. A better understanding of credit, interest, and debt management can help you make smarter money choices.

7. Create a Budget (and Stick to It)

A realistic budget is a great way to curb overspending and stay focused on your debt repayment goals. 

Start with your essential expenses, like rent, bills, and groceries. Then, see how much you can consistently put toward your credit card payments. Free budgeting tools like Rocket Money or Goodbudget can simplify this process.

8. Seek Professional Financial Advice

Growth requires guidance, and finance is no exception.

Feeling overwhelmed? Consider reaching out to a nonprofit credit counseling agency like GreenPath or the National Foundation for Credit Counseling. They can help you build a custom plan, review your options, and offer judgment-free advice.