VashX wrote:I am trying to see what would best increase my credit score.
I have a total of 4 active credit cards and 1 closed credit card. 2 of the actives have a high usage ratio, as well as the closed.
Active Card 1: $2,000 Limit, $800 used
Active Card 2: $4,000 Limit, $2,900 used
Closed Card: $5,500 Limit, $2,700 used
Should I pay off the closed card or lower the usage of my active cards to below 10%?
It really doesn't matter if the card is open or closed in terms of your score - high utilization is going to hurt you regardless the same amount.
So having said that, I'd work on paying down your active cards first in whatever way works best for you since you want to keep on their good side, and worry about the closed card last. If you can knock a thousand off card 2 it should bump you up a few points.
Ideally pay them ALL off then keep you utilization below 10% for highest possible score, in the long run.