2 maxed out credit cards

[Anonymous]

I have to maxed out cards. Does it make more since to pay one off, and make payments on the other. Or pay 1/2 on each card, and continue to make payments on both cards. I need my CS to increase for a car purchase.

[NRB525]

Welcome.
What are the credit limits and open balances on each card?
APR you are paying on each card?

[Anonymous]

Chevron $2500 CL

Walmart $1800 CL

APR 26%

[Anonymous]

They're both 26%?

[Anonymous]

Just checked

Walmart 24.90 %

Chevron 28.99

[Remedios]

OP, if you have money to pay them down, why wait till now 

I cannot even imagine the amounts you're paying in interest 

Try to bring both of those cards to at least 28.9% utilization 

[CreditInspired]

OP I know you didn’t ask but IMHO, I think you should try your best to pay off both of these maxed out cards before getting into more debt.

I also hope you’re paying substantially more than minimum payments because if not, the majority of your payment is going toward interest and a pittance toward principal.

GL2U

[UpperNwGuy]

I would delay the car purchase until after you bring down the balances on both of these cards.

[Anonymous]

Cards just went up during the holidays. But score wise, I wanted to know if i should pay off one in full or 1/2 on both. Which option would give me the best increase in score.

[Anonymous]

Thanks!