Reply
Epic Contributor
Posts: 23,281
Registered: ‎10-23-2007
0

What to pay for score?

[ Edited ]

Chase Card 6k balance 7k cl

Chase Card 8k balance 9k CL

 

New Citi Card $4900 CL

New Discover 4k CL

 

Should A:

pay 3500 on the 6k chase card

and 4500 on the 8k balance

 

OR B pay all of 1 chase card and the rest on chase b card.

 

I know putting the new cards to 95% isn't good but they are 0% for 12 months so saving some money while paying these balances is important.  Should also mention both Chase cards have had limit lowered so very possibly as soon as payment is made on 1 or both accounts they lower the limit again and then it won't matter rather one is paid off or not... so which lottery should we play for! lol 

Message Edited by Creditaddict on 02-15-2010 02:14 PM
Fico Scores: EQ- 668 DCU., TU 704 Best Buy, EX 700 Chase (2/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
Valued Contributor
Posts: 2,681
Registered: ‎07-29-2009
0

Re: What to pay for score?


Creditaddict wrote:

Chase Card 6k balance 7k cl

Chase Card 8k balance 9k CL

 

New Citi Card $4900 CL

New Discover 4k CL

 

Should A:

pay 3500 on the 6k chase card

and 4500 on the 8k balance

 

OR B pay all of 1 chase card and the rest on chase b card.

 

I know putting the new cards to 95% isn't good but they are 0% for 12 months so saving some money while paying these balances is important.  Should also mention both Chase cards have had limit lowered so very possibly as soon as payment is made on 1 or both accounts they lower the limit again and then it won't matter rather one is paid off or not... so which lottery should we play for! lol 


I love lotteries!

 

If they are both 0%, then interest rate doesn't play a part. Unless...will one of these start real interest sooner than the other? If so, that's the one I would put my money on.

 

Nothing you can do about potentially having the limits lowered. Either way you go, you may be out of luck.

Valued Contributor
Posts: 2,708
Registered: ‎10-16-2008
0

Re: What to pay for score?

LynetteM, I think Credictaddict meant that the new cards have the 0% rate; the cards with the balances, he doesn't say what the rates are.  So, you get to go again...for free!

 

Creditaddict, my choice is B.  Get one out of the way, pay the other down to $6k/9k.   And I think you're right, I can also smell a balance chase coming, unfortunately.  They're wacko over there.

 

I have no reason for choosing B other than that's what I'd do, personal preference only.

 

 

 

 

 

 

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.