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mrmissile1

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What's the best option that I should take on credit card debt?
I have $1200 that i will use towards my credit card debt. i have 3 credit cards that can be taken into account. Credit card 1 is a very high interest 21% with last months interest charge $120. credit card 2 is a 25% interest with $1500 over the limit (promo expired and interest kicked in), causing last months interest charge of $112. credit card 3 is a 18.9% interest with a balance of $1292.63. i have 3 options i'm looking into. A, apply all of it to the highest interest card. B, apply all to the over the limit card. or C, pay off card 3.

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B) Apply it to the over the limit card. From what you post the over the limit card has the highest apr as well. You will probably also be getting over the limit fees. It will snowball fast if you don't take care of it. It looks like you will be a few hundred short to get it under your limit, maybe you could ask the lender for a few hundred dollar credit line increase to get you under the limit.

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