Obviously it depends on the remaining balance, but for X amount of debt, would a reduction to 6% from 20+% APR be significant with just $1800 balance? Only significant change I can think of is paying it off a bit faster, I know it's not as significant as a fixed term debt(auto loan). Bottom line, with above mentioned balance, how much money would I save by reducing to 6% from, say, 22%? I'm not asking about the car loan, I already have that covered under the SCRA law, I was just asking how much I could save on an $1800 CC balance by switching from 22% to 6%. No refinancing involved, courtesy of military service.