BOSTON (CBS) – Think about using your refund to pay down your credit card debt or pay it off completely if your debt is under $3,000.

I know there is nothing exciting about this suggestion. I know it is a nitty gritty practical idea but it is a good use of your refund. I do know you would like to reward yourself in some way with that refund but I also know that getting out of credit card debt is a very good thing!

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The nation’s credit card debt is over $935 billion, that’s with a B. The average household that carries debt month to month is about $7,500. The nation’s credit card debt has been increasing. It was $840 billion in 2010.

Use your refund dollars to start to pay down your debt! Pay off your credit card debt and take a pledge that you won’t let it get that high again. Look at your cards and pay down the one with the highest interest rate first.

If you are carrying $3,000 on a card with a 19% interest rate you have just saved yourself $513 in interest charges over the next year.

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If the $3,000 doesn’t wipe out the whole of your debt, consolidate your high interest rate cards to the card with the lowest rate. Work hard at paying down that debt by making payments each month that are larger than the minimum required.

Try living on a budget and not using your credit cards so you can pay down the debt quicker. Use your credit cards wisely and once out of debt resolve to pay your credit card bill in full each month.

Credit card companies are finding more ways to nickel and dime you in this economy. Good customers are being penalized by having their interest rate go up or their limit reduced. If you are late with one payment you could see your interest rate bumped up.

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Use your refund as the first step to being debt free.