Credit cards offer benefits such as rewards programs and travel credits, but it's crucial not to overspend as this can lead to challenges in managing payments and accumulating interest charges. High credit card debt is a common issue, with the debt amounting to $1.21 trillion in the US. Unexpected windfalls, like a tax refund or inheritance, can provide a sudden cash influx, and it's wise to consider using part of it to pay off credit card debt due to the high-interest rates associated with such debt.

Paying off credit cards with extra funds is recommended, especially if struggling to make regular payments. For instance, reducing a $7,500 credit card debt with a 23.5% APR to $4,500 could significantly decrease interest costs over time. Alongside paying off credit card debt, building emergency savings, paying down student loans, boosting retirement savings, and saving for college are smart financial moves. Debt consolidation loans and balance transfer cards are alternative strategies to reduce credit card debt if additional funds are not available. A windfall presents an opportunity to improve financial stability and cut down on interest charges associated with credit card debt.