Credit Card Forum
  1. #1
    socal1224
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    Default Help, Pay Off Question

    I have 2 cards, one with a balance of 1700 with a limit of 3000 APR of 26% and one, APR 12%, with a balance of 1500 with a 1600 limit. I have 1500 to put towards a card, should I pay off the one card completely with the high balance or the one with the high interest? Thanks
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    Reply With Quote Reply With Quote     Mar 1, 10, 6:07 am
  2. #2
    FidelityAmex
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    Default

    I would pay the one with high interest first, so you don't get hurt from finance charges. And for the one with high balance, it's already hurt you on the report because you are almost reach the credit limit.

    I'm still new with credit card, but yeah I would pay off the one with high interest first. You do the math, it will make more sense.
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    Reply With Quote Reply With Quote     Mar 1, 10, 9:37 pm
  3. #3
    alsteig
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    Pay Interest First
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    Reply With Quote Reply With Quote     May 31, 10, 11:40 pm
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