Two Credit Cards

[andy-hughes]

I am paying off cash advances on two credit cards - approx £1500 on each.

The interest rate on both cards is the same.

Is there any advantage to paying the minimum payment on one, and the maximum avaialble on the other, so one decreases rapidly, with an attendent drop in interest, and on completion, pay the maximum to the remaining card.

Or is it just as ecconomical to pay a split amount to each card, and reduce them both at the same level?

[factor-fiction]

I can't see it makes any difference how you split the payments provided you pay at least the minimum on both and pay off as much as you can

[ubasses]

It would be better to transfer them to a new card with and interest free offer period and reduce the balance as fast as you can during the offer.