How should I distribute it?

Question

So, I have $4,169 in one credit card & $3359 on another. I have decided to get out of debt & cut my credit cards up. I got a $4200 bonus at work & want to put it all towards my debt. Both have about 30% APR. should I split it up paying $2,100 on both? Pay one off completely & worry about only one payment a month? Or what is some advice?

Answer

I would completely pay off the 4169 and out the rest into savings, and just have the one payment. I also pay more than my monthly minimum before my statement date to cut down on interest.

Answer

Pay off the largest one and put the remainder toward the smaller one.

Answer

Pay one off in full. If your credit is good, get a new card with zero interest for 1 year on balance transfers. Transfer the 2nd card's balance to the new one and make sure to pay it off completely within a few months.

How should I distribute it?

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