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What card to pay off first?

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sanzz218
Member

What card to pay off first?

Hey everyone. Just a quick question. There are three cards right now that are my major goals of paying off within the next few months. My discover card is the card I use all the time for gas and small purchases that I usually pay off most of the time. But, I have two other cards I want to pay off as well. Should I pay off both my GE Care Credit card with a balance of $450 and my Bank of America card with a balance of $350 first before the Discover card balance of $600, since I never use them and then make the big payments on the discover? I want that feeling that two accounts are paid off but is that the right decision? Thanks

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09Lexie
Moderator Emerita

Re: What card to pay off first?

Rule of thumb, is to pay off the cc with the highest APR. if it makes you feel better to have two down, then alternate the months on the two you want to pay
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