I am paying down my credit cards so I have them all paid off by March 30th. I usually pay $1000 at the end of the month out of my last paycheck which is virtually bill free. Here are my credit cards with CL, Balance, and current UTI as of close dates this month. Would it be better to pay off my lowest balance cards and then apply the remaining of what I have left on the two highest balance cards? Or should I pay 200 across several higher balance cards and just pay down my lower balance cards $50 at a time. Thank you!
Card CL BAL UTI
Paying off (then not using) the lowest balances first can give you a feeling of accomplishment. If you stay on track to pay them all off by March 30, that would be very good.
The Cap One QS, after paying to zero, should be used as your main spending card. The Credit One card should be looked at closely whether it can be closed, to avoid the fees.
I'd pay off the Quicksilver so you can get a head start on resetting the grace period. Then I'd go with high interest first. But given that everything's going to be paid off in a few weeks, you can do this just about any way that makes you feel good.
The one with the highest APR and Balance.
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