Which card do I pay off?


Hi, Ive never posted here so I apologise if this is in the wrong place.

I’ve got two credit cards: Capital One and Vanquis. I have £500 in my savings account that I want to pay off one of my cards.

My Cap 1 card has a balance of £589, my Vanquis has a balance of £3,500. My Cap 1 minimum payment is £20 (but I pay £50), and my Vanquis one is £170 something (but I pay £200).

Is it better to just pay off my capital one card completely, or to pay a little off my Vanquis card?

Personally I feel paying Vanquis is better as it brings down the monthly payment, but paying off Cap 1 would get rid of that card completely and give me more money to pay off Vanquis anyway

Any help and advice would be greatly appreciated!


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