https://ficoforums.myfico.com/t5/Credit-Cards/Credit-Card-Question/m-p/167040#M52369 <DIV>I have two credit cards, Capital One 18% balance $2,500 limit $3,250 and Macy's 24% balance $350 limit $700.&nbsp; Should I do one of the following:<BR />A. Pay down Capital One because it has a higher balance B. Pay off Macy's because the interest rate is higher.&nbsp; C. Transfer my Macy's balance to my Capital One card.</DIV> Fri, 29 Feb 2008 16:46:56 GMT Anonymous 2008-02-29T16:46:56Z https://ficoforums.myfico.com/t5/Credit-Cards/Credit-Card-Question/m-p/167040#M52369 <DIV>I have two credit cards, Capital One 18% balance $2,500 limit $3,250 and Macy's 24% balance $350 limit $700.&nbsp; Should I do one of the following:<BR />A. Pay down Capital One because it has a higher balance B. Pay off Macy's because the interest rate is higher.&nbsp; C. Transfer my Macy's balance to my Capital One card.</DIV> Fri, 29 Feb 2008 16:46:56 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Credit-Card-Question/m-p/167040#M52369 Anonymous 2008-02-29T16:46:56Z https://ficoforums.myfico.com/t5/Credit-Cards/Credit-Card-Question/m-p/167045#M52372 In this case put all efforts on the higher interest card first in my opinion. Otherwise the balance comes down slower. You are "seriously" being dinged for this high UTL. If these are your only 2 credit cards you really need to bring down balances or raise credit lines.<BR /><BR />Macys card is 50% of CL<BR />Cap1 card is 77% of CL<BR /><BR />Overall UTL 72%<BR /><BR />Message Edited by ilovepizza on <SPAN class="date_text">02-29-2008</SPAN> <SPAN class="time_text">08:56 AM</SPAN> Fri, 29 Feb 2008 16:56:36 GMT https://ficoforums.myfico.com/t5/Credit-Cards/Credit-Card-Question/m-p/167045#M52372 Anonymous 2008-02-29T16:56:36Z