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What card should I pay towards first?

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775orbust
Valued Member

What card should I pay towards first?

I need to know what card will make the most impact on my score. They both will be reporting around the same time. I have only about 500 to throw at it. Next friday I can pay off the remainder just not now.

 

Pay pal 278/2900

Discover 985/5500

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3 REPLIES 3
Anonymous
Not applicable

Re: What card should I pay towards first?

Pay off PayPal and put the rest on the other card. Next week pay off all but $10 of the second card and let that $10 balance report. After it reports, pay it off.

Message 2 of 4
SouthJamaica
Mega Contributor

Re: What card should I pay towards first?


@775orbust wrote:

I need to know what card will make the most impact on my score. They both will be reporting around the same time. I have only about 500 to throw at it. Next friday I can pay off the remainder just not now.

 

Pay pal 278/2900

Discover 985/5500


Pay off PayPal, then pay rest toward Discover.


Total revolving limits 569520 (505320 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 3 of 4
rostrow416
Established Contributor

Re: What card should I pay towards first?

Pay off the PayPal and put the rest towards Discover.  You can then devote more towards paying down Discover next month.

AMEX Gold | Purdue FCU $20,000 | FNBO Evergreen $15,000 | TFCU Plat Visa $15,000 | PenFed Platinum Rewards $15,000 | PenFed Pathfinder $15,000 | Citizen's Bank Cash Back+ $15,000 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $17,000 | Discover IT $6,000 | Capital One BuyPower $950 | AMEX BCP $5,000 | AMEX Amazon Prime Business $3,000

B&H Payboo Card $15,000 | Amazon Prime Card $10,000 | PC Richard Card $15,000 | Target RedCard $2,000 | Walmart Store Card $1,400 | Shell Gas Card $1,200 | Overstock Store Card $7,000 | Kohl's Store Card $3,000


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