08
Jan
Introduction When you have multiple credit card accounts, it can take effort to figure out which balance to pay first. Fortunately, an algorithm helps credit card companies decide which bills to pay first. If you pay only the minimum, that money goes toward the balance with the lowest APR. If you pay only the minimum, that money goes toward the balance with the lowest APR. This means it will likely be applied to your highest interest-rate debt first. Your credit card company will pay off both debts according to their terms if you have multiple secured accounts, such as a…