Credit Cards - Interest or Balance?
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Credit Cards - Interest or Balance?
| Mon, 12-08-2008 - 4:38pm |
I'm a lurker with a question...
What credit card do you pay first? The one with the lowest balance...since this would lower the minimum monthly payments? Or the one with the highest interest rate?
Thanks!
~Dana

Hi Dana - it's really a personal preference.
All my best,
Danni
I am a firm believer in the 10% to 15% of your monthly income in credit card payments. For us that was 310.00 a month at 10% and 465.00 at 15%
When I started all this most of my cards(5 cards)