Decisions, Decisions...
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Decisions, Decisions...
| 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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How does the rate freeze work?
They didn't offer that option in the Amex letter...
A rate freeze is part of closing the card.
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