It depends on the size of the outstanding balance on each card and what the interest rate is. There's no hard and fast rule, you have to do some math to figure out what each approach will cost based on your particular circumstances. I agree that you need to work out the math, but as general rule, the better course will be to pay off the higher interest rate loan as fast as possible.
If you carry a balance, then it's better to have a low interest rate. If you do not carry a balance, then the interest rate doesn't matter at all.
Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.
There are a lot of credit consolidation groups, who can help an individual pay off a high balance on a Visa credit card. It is also better to pay off a credit card with a higher APR% first, and also to potentially transfer some of your debt on a higher APR% card to a lower one.
It is better to pay the statement balance in full on credit card bills rather than making minimum payments. This helps avoid accumulating high interest charges and debt over time.
Low fees for balance transfers
If you carry a balance, then it's better to have a low interest rate. If you do not carry a balance, then the interest rate doesn't matter at all.
Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.
There are a lot of credit consolidation groups, who can help an individual pay off a high balance on a Visa credit card. It is also better to pay off a credit card with a higher APR% first, and also to potentially transfer some of your debt on a higher APR% card to a lower one.
It is better to pay the statement balance in full on credit card bills rather than making minimum payments. This helps avoid accumulating high interest charges and debt over time.
Low fees for balance transfers
Low fees for balance transfers
In poker, the ranking of a high card in a flush is determined by the highest card in the flush. The higher the card, the better the ranking.
Yes, as long as the issuing bank(s) of the credit card(s) getting the balance is/are not the same bank as the one losing the balance.
Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.
One can pay off a high Visa card balanced by starting to add up all your net monthly income from all sources. Another good tip is to paying off the credit card with the lowest balance first, this is much easier and quicker to do than paying off high balance credit cards.
To transfer from a high interest credit card to a lower interest credit card
It depends on what plants you wish to grow.