No! You may think you’re earning rewards or benefits by putting large debt on your credit card, but it’s going to cost you significantly more in variable interest rates, high APR, fees, unfavorable terms, etc. If you carry too much debt on a credit card, it can hurt your credit score due to a high credit utilization rate. A cash-out refinance is one of the smartest ways to borrow money because of its low interest rates. Plus, it allows you to create a consistent monthly payment that you know you can afford and pay back over time.