I charged a few items for PTA (which I will get the check for next week), and a big Sam's Club run to replenish our fridge and freezer after the storm). In total...about $520 worth. This went on CC4.
Mom and Dad were VERY generous and sent us some money to help us with the groceries.
My question:
Do I put all this reimbursement money back towards CC4, that has an interest rate of 9.24%, since that is the card I used to make the purchases?
or
Do I put it towards CC2, as an additional payment, since it has a rate of 11.99%?
I am still trying to figure out what my next snowball attack will be. The medical stuff...although smaller...isn't gaining any interest, and is sort of revolving, so I know it will just go back up. CC2....highest interest rate. CC3....lowest balance, but has 1.99% rate until Jan. 2013.
I ran all the numbers, and CC2 seems to be the next logical choice by financial sense (due to the interest rate). But I hate that CC4 went up, especially since I have control over that....and can just pay that back.
Thoughts????
