We have been reporting on the Dow rebounding 287 points today. And suffering its worst. Rates affect your mortgage, your credit cards. What you can do right now to try to lower the rate you pate. Linsey Davis tonight. Reporter: Time to make a plan to pay off that plastic in your wallet, and fast. We help your money keep up. Reporter: With interest rates going up, so is the cost of borrowing. Interest rates on credit cards are now averaging to 17%. The average household carrying a balance just over $15,000 could pay more than $1,033 a year in interest alone. The most important thing if you're carrying any debt at all, you want to just focus the interest rate and getting as low interest rate as possible. Reporter: So experts say if your credit is good, consider transferring that balance to a card with a 0% interest for the longest term possible, so you can pay it off. Look for a card without transfer fees like the chase slate or amex everyday. And check to see it the card comes with a lower credit limit. A balance transfer card can be a really good option for someone who knows they can pay off their debt in that 15 to 18 month introductory She is with us here. You can call your credit card company and try to negotiate a lower rate. That's right. If you have a good credit history. It's possible sometimes they will give it to you and you want to make sure you pay off the credit cards with the highest interest rates first, David. Linsey Davis, thank you. More on the illnesses and races with kids. And concerns of cars