November 07, 2019 at 05:56PM

Note: I don't know what I'm doing, having very limited knowledge, but am trying to become financially literate. Thank you in advance for your advice and suggestions!

I have around $600 to pay on my credit card, which has a limit of $4000 and an interest rate of 19.99%.

I have a credit line with $0 to pay off, a limit of $5000, and an interest rate of %8.44.

Is there any reason I SHOULDN'T pay off my card with my credit line, and then make my usual payments towards the credit line? I feel like it's an obvious switch to make, but I'm worried I'm missing something.

submitted by /u/boredhoneycomb
[link] [comments] via Savings, Checkings, CDs, oh my! http://bit.ly/2PZEtZV

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