YOUR CREDIT CARD OUTLET

What credit card should I pay in full?

I have three Credit Cards: Chase: $ 5100@0.27% until January promo pymnt Min = 155.00/month Capital One: $ 6300@4.7% set pymnt Min = 128.00/month Kroger: $ 3500@3.59% set pymnt Min = 42.00/month I have $ 6500, which credit card should I pay? I thought of the higher interest rate, but then the one with the type of promotion has the highest monthly payment and must be treated before January. Objective is to free me a little money every month, so the Chase is tempting, but do not know if it's better to bear fruit. Any advice would be great! Thanks

Paying the Kroger card completely and use the rest to pay the Chase card. In this way, you will be fully paid Kroger card (yay! And remove that baby!) And you have paid a good part of the Chase card too. While it might make more sense financially to pay the card with the highest interest rate, as Dave Ramsey says, "personal finance is 20% head knowledge and behavior of 80%." You will have a better sense of accomplishment to pay more cards small, which will result in a renewed sense of purpose to pay the remainder of its debt.

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