Key takeaways Using a personal loan to pay off credit card debt could be a smart move if you can secure a lower rate or are juggling multiple credit card payments Paying off credit card debt with a personal loan may not be right for you if you’re overwhelmed by debt Before you use a personal loan to pay off debt,

Credit card interest can indeed be tax-deductible for businesses in the United States, but only when it stems from legitimate business expenses. Personal credit card interest remains non-deductible, a rule that's been in place since 1986 and shows no signs of changing.