Strategy to pay down 0% and higher rate Credit Cards

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  • #1332

    With advice from this site and my Sum 180 plan I secured two 0% credit cards and have successfully transferred higher fee balances to these cards. I now have about 50% of my outstanding debt on 0% cards and 50% on higher interest rate cards. How do I allocate my monthly payments? Do I pay the higher rate cards now or do I pay the 0% cards off before the promotional period runs out? Or is there a blended approach?

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