Doing Business in China

Article Index
which credit cards you should pay and how much you should pay
Page 2
All Pages

4. Bring High Balances Closer to $0
To maintain a good credit score, you should keep your balances closer to $0. Focus especially on balance that are close to the credit limit. High credit card balances increase your credit utilization and hurt your credit score. By keeping your balances low, you're showing that you can handle credit responsibly. Your credit score will reflect that.

5. Pay Off Balances With High Interest Rates
If you want to get out of debt quicker, you should focus on paying off those credit cards that have high interest rates. Since you pay more in finance charges on high interest rate credit cards, it's wisest to pay those balances off quicker to avoid paying extra money to the credit card company. Of course, if your goal is to get out of debt, you should evaluate your credit card interest rates along with the interest rates of your other debt.

which credit cards you should pay and how much you should pay