Accredited Business

Accredited Business


Calgary: (403) 337-4000

Edmonton: (780) 666-2600

Toronto: (647) 775-0708

Surrey: (778) 800-9957

Lloydminster: (306) 830-5449

All Office Fax: (780) 666-9721

Office Hours:
Monday to Friday: 9am – 6pm
Saturday: By Appointment


Credit Card Balances

Are you stuck in a never-ending cycle of credit card debt? Our debt experts at Credit720 can help you get organized, come up with a budget and find a solution to get out of your credit card debt.


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(403) 337-4000

(780) 666-2600

(778) 800-9957

(647) 775-0708

(780) 666-2600

Credit Card Balances

What Is Credit Card Balance in Canada?

It’s the total amount of money currently owned by Canadian credit card holders and their credit card companies. When cardholders make purchases, it increases, and when they make payments, it decreases. Besides these, the following factors affect credit card balance in Canada.

  • Balance transfers.
  • Foreign exchanges.
  • Fees, including late payment charges, returned payment charges, forex, and balance transfer fees.
  • Cash advance fees and annual fees.
  • Interest charges.

How to Pay Down Credit Card Debt?

Credit720 is a financial consulting company working in Calgary, Edmonton, Lloydminster, Alberta, and other provinces of Canada. Our expert and experienced credit consultants offer the following the best ways to pay off credit card debt.

Have a Realistic Budget:
If you think, how do I get out of credit card debt? The first step is creating a realistic budget considering your income and expenses. You must allocate a significant portion of your income to paying credit card debt. You should put restrictions on unnecessary expenses or postpone them until you have achieved credit card debt relief.

Slash High-Interest Debt First:
When you plan a credit card debt relief program, our expert credit consultants will help you prioritize high interest debt first to save money. We called it the avalanche method to minimize interest payments gradually.

Try to Go beyond Minimum Payments:
We help our clients to pay more than the minimum requirements for each installment. Thus, you can boost your credit card repayment rate and reduce interest in sum.

Apply Balance Transfer Offers:
Many credit card issuing companies offer balance transfer facilities at zero interest rates for a designated period. You can leverage those offers, transfer high-interest-rate debt to promotional cards, and save money on interest.

Use Debt Consolidation Option to Pay Down Credit Card Debt:
At Credit720, we have experts to help you consolidate debt by combining multiple credit card debts into a single loan or credit account with lower interest rates. We assist you in negotiating and planning repayment to bring credit card debt relief to your payment terms.

Apply Snowball Payment Strategy:
We apply a snowball payment strategy in which we first pay smaller debts to boost our morale psychologically and tackle big debts later.

Credit Card Debt Relief Help

At Credit720, we offer the following services under the hood of Credit Card Debt Relief Help.

Debt Management, Debt Relief Programs, Debt Consolidation, Credit Counseling & Corporate Debt Solutions.