gourimoko
Fighting the good fight!
- Joined
- Aug 13, 2008
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Thanks for help everyone. Now I read in the thread that I should pay off the lower amount of the two cards first? Why is that? Or did I read it wrong?
You want to get your utilization per card as low as possible.
So calculate the balance divided by the limit of each card to get the utilization percentage, then focus on the cards with the highest percentage favoring cards with higher dollar value balances.
Your credit score is based on utilization, not only dollar value, but it also takes into account total utilization over all your cards.