Help, Pay Off Question

For just about anything you want to get off your chest about credit cards.
3 posts
Posts: 1
Joined: Mon Mar 01, 2010 8:04 am
Location: Boston ma

Help, Pay Off Question

Postby socal1224 » Mon Mar 01, 2010 8:07 am

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

Green Member
Green Member
Posts: 10
Joined: Wed Feb 17, 2010 8:40 pm
Location: USA

Postby FidelityAmex » Mon Mar 01, 2010 11:37 pm

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. ;)

User avatar
Platinum Member
Platinum Member
Posts: 95
Joined: Sun May 23, 2010 5:28 pm
Location: San Diego, CA USA

Postby alsteig » Tue Jun 01, 2010 1:40 am

Pay Interest First

Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 3 guests