Compare our mortgage lenders and find lower interest alternatives to paying off some of your monthly credit card balances. It is not good to keep paying high interest credit card balances even if you are earning rewards from these cards. The best thing to do when you have balances on your credit cards is to find a way to pay them off so you are not tied down to high interest payments. Lower interest loans, a mortgage refinance, for example, is one of the most favorable choices when paying off credit card debt. You may also take out a home equity line of credit or find a short-term personal loan to help cut the interest.