The answer is definately not definately. The answer is maybe. You are asking about only a single card. Only one droplet in the bucket. Paying off one card, if it is a low CL card, will have minimal impact if your overall &util is not substantially changed. It is how much of your total debt you have paid off, and not so much the %util of a single card. Sure, the %util of each card counts, but the total %util of all cards counts far more. And, if in paying off one card, you simply shift debt/spending to another card, and drive its %util up, you may in fact lose points, especially if the other card is a low CL card, and you drive up the %util of that card to a higher bracket One card does not the big picture make.
If you pay off $3000 to get %util of a card down to zero, big help.
If you pay off $50 to get %util of a card down to zero, no biggie.
As Fused has so insightfully asked, the balances and CLs of all other cards is needed to offer any sort of intelligent answer to your question.
Message Edited by RobertEG on
10-16-2007 09:28 PM
