Australians are expected to rack up $87 billion in credit card debt over the festive season, with the average credit card charging 18.67% interest. Financial experts recommend strategies including switching to lower-rate cards (some under 10%), using balance transfer cards with 0% interest periods up to 26 months, or consolidating debt with personal loans at rates between 6-20%. Additional debt reduction strategies include selling big-ticket items, redeeming unused gift cards and rewards points,