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Consumer Advice

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RandySF

(75,948 posts)
Tue Feb 11, 2014, 09:31 PM Feb 2014

Which credit card should I pay down with my tax return? [View all]

Last edited Tue Feb 11, 2014, 10:17 PM - Edit history (1)

I've been back to work for less than a year after after being unemployed and racked up a sizable, though not gargantuan credit card balance, which I've been willing down for some time. And, it turns out, I am getting a decent tax return. Right now I have two card balance of roughly equal amounts. Card one has a 10.9% APR, but the balance is not large enough for it to hurt me. Card two currently has a 0% APR, but will hit as high as 18% if I don't get to work on it. Which one should I try to dent?

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