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Epic Contributor
Creditaddict
Posts: 21,684
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- 653 Cap1., TU 696 Walmart, EX 695 Chase (11-05-14)
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
65 Cards and Counting :smileytongue:
Valued Contributor
Jazzzy
Posts: 2,679
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
Uborrow-Upay
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.

 

 

 

 

 

 


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