Decisions, Decisions...

iVillage Member
Registered: 07-04-2009
Decisions, Decisions...
12
Mon, 08-24-2009 - 12:46am

Got about $1100 FSA reimbursement coming my way, before I can blink I'll boot it to one of my 2 remaining CCs with balances. The question is, which one?

Amex = $991.31 balance (14% interest)

Bank CC = $10,441.36 balance (10.99% interest)

Which would you choose? Pay off Amex entirely or whack away at the Bank one until it's payment are as low as Amex?

*This month's minimum for Amex is $20, Bank CC will be $151.74.

Also, would it be smarter to pay the minimum on the due date and the the extra the day after statement closes? Or just all at once....

Thanks for any input...



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iVillage Member
Registered: 07-04-2009
Tue, 08-25-2009 - 5:39pm

How does the rate freeze work?

They didn't offer that option in the Amex letter...



iVillage Member
Registered: 08-04-2008
Wed, 08-26-2009 - 9:19am

A rate freeze is part of closing the card.




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