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Which credit card do I pay off first??
Jo3y83
Posts: 133 Forumite
Hi DFWs!
I have 3 credit cards, all running at 0% with balances as follows:
HSBC £5,491
Bank of Scotland £2,242
Tesco £2,960
Do I pay off the one with the bigger balance first or do I pay of the one with the smallest balance and work my way up? Any help would be great
Thank you!
I have 3 credit cards, all running at 0% with balances as follows:
HSBC £5,491
Bank of Scotland £2,242
Tesco £2,960
Do I pay off the one with the bigger balance first or do I pay of the one with the smallest balance and work my way up? Any help would be great
Thank you!
0
Comments
-
Sort them into the order in which the 0% rates finish - with the shortest at the top. If they all finish around the same time, then the interest rates they will move on to should be your consideration.
If all things are equal, I'd personally pay off the smallest first.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Hi,
How about overpaying the one where the 0% ends soonest to avoid further balance transfer fees as the promotions end.
Tlc
Sorry - posted at same time as above!0 -
If you are still looking at a DFD of early summer 2017 then chances are your o% deals on all of them will extend past when you'll have paid them off. So I would personally pay off small first because it's a GREAT feelign when you can close a card off DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0
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