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Post Info TOPIC: Credit card payments
CarrieS


Marc Jacobs

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Posts: 2364
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Credit card payments
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Is it better to pay $100/month, with the occasional $300-$400 payment

OR

Steady $200/month till it's gone? There might still be an occasional bigger payment, but there may not..

I know roughly it's all the same amount of money paid, but one is steady bigger payments, the other isn't...

Oh, and my monthly minimum is only about $25, so I'll always be paying way more than that, therefore a ton of interest won't have time to add to the balance...

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Metric


Gucci

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I would say pay $200 steadily until its gone. That way I think you would accrue less interest over time.

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Ally S


Kate Spade

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I'd say the $200 payment and when you can swing it more. Just keep paying wayyyy over the mininmun and go for that cutting up the card fest!

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~Ally~
CarrieS


Marc Jacobs

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Ally S wrote:
I'd say the $200 payment and when you can swing it more. Just keep paying wayyyy over the mininmun and go for that cutting up the card fest!

Weeelll, I won't be cutting it up It's my only CC (well, I have an AE one too), so I want to keep it. I'm just having some unexpected charges/bills come up right now and I don't want to drain my checking account, so I'm charging them

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Cortney1982


Chanel

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I'd go for the steady $200.  The more the better. 

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kittenheels


Coach

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Posts: 1520
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I would just keep up the 200 and then more when you can swing it - you will feel so good when it is all paid off!



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