Timeline for Why would anyone want to pay off their debts in a way other than "highest interest" first?

7 events

when toggle format	what		by	license	comment
May 16, 2015 at 17:22	comment	added	JTP - Apologise to Monica♦		@KateGregory - nice point, gaining back the free float. I agree, there's some value there.
May 16, 2015 at 12:42	comment	added	Kate Gregory		Also, once you get one card to zero you go back to not paying interest on purchases during the grace period. I know many advocates of this system say to stop using all the credit cards - but I also know most people continue to spend with them even if they no longer incur new borrowing with them (paying for all the purchases by the due date.)
S May 16, 2015 at 7:39	history	suggested	Kevin Fegan	CC BY-SA 3.0	Corrected use of wrong word. Changed the word "limit" to "interest".
May 16, 2015 at 5:05	review	Suggested edits
S May 16, 2015 at 7:39
May 16, 2015 at 0:15	comment	added	JTP - Apologise to Monica♦		+1 - it's a small hit, but yes, too high a utilization on one card is a FICO ding. For our 20th anniversary I bought SWMBO a new wedding ring, and along with the normal spending, it threw the card to near full for that cycle. 20 point ding, even though total utilization was still sub 20%.
May 15, 2015 at 22:59	review	First posts
May 15, 2015 at 23:08
May 15, 2015 at 22:58	history	answered	Don	CC BY-SA 3.0