You have three credit cards,each of which has a balance due.Which should you pay off first?

Question

Quizplus · Accepted Answer

The best option is to pay off the credit card with the smallest balance first. This is known as the "debt snowball" method, where you focus on paying off the smallest debt first to gain momentum and motivation to tackle the larger debts. Once the smallest debt is paid off, you can move on to the next smallest debt, and so on. This can also help improve your credit score by reducing your credit utilization ratio on each card as you pay them off.

You Have Three Credit Cards,each of Which Has a Balance