u/bananas_n_butter_79

I posted this on the subreddit Debt Advice, but this seems to be a personal finance situation also.

I need help making a financial situation regarding debt. My wife and I each have 1 CC under our names. She has a Citi Cash card with a $2,500 balance due. It's high because she used it for a work trip and will receive reimbursement on Friday. It's not a problem. I have the Amazon Prime Visa CC with a $6,000 balance due. We both use it. It's not a problem, either. I've been paying $1500/month on it for the last 6 months and still paying other bills with no issues. That's another story. We have no savings, but several investment accounts (Roth IRA's taxable brokerage account, CD's).

Again, not the problem!

Thursday, my wife had shoulder surgery out of network from our medical insurance, BUT, still received the "in network" discount. Prior to this, we agreed NOT to put the expense on our CCs. Our HSA account doesn't have the amount needed in it. So we applied and approved for this Care Credit. It's basically a CC for medical and dental expenses. We have a $6000 line of credit and 0% interest for 12 months. Her surgery was $4400 total. We can easily pay $500/month on it without incurring any hardship. At $500/month, it can be paid off by next April.

Here is the decision.

Wednesday, my Dad hands me a check for $5,000. I was, and still am, just beyond grateful and overwhelmed with his generosity. He gives us money every quarter, but never this much. Just a great guy!

I checked my Amazon Prime card history. We've paid over $21,000 to it over the last 6 months!!!! I'M STILL BREATHLESS!! Money that could have funded more investments, a house backup generator, pool repairs, whatever!! I want this card balance down and out!!!

So.........

Do I use it to pay down the Amazon Prime card BECAUSE of the interest?

Or.....

Do I pay this Care Credit balance and use the remaining to add a third payment to my Amazon Prime CC? I'm getting 0% interest on it.

Thank you for any advice or decision-making ideas offered. I appreciate it.

I need help making a financial situation regarding debt. My wife and I each have 1 CC under our names. She has a Citi Cash card with a $2,500 balance due. It's high because she used it for a work trip and will receive reimbursement on Friday. It's not a problem. I have the Amazon Prime Visa CC with a $6,000 balance due. We both use it. It's not a problem, either. I've been paying $1500/month on it for the last 6 months and still paying other bills with no issues. That's another story. We have no savings, but several investment accounts (Roth IRA's taxable brokerage account, CD's).

Again, not the problem!

Thursday, my wife had shoulder surgery out of network from our medical insurance, BUT, still received the "in network" discount. Prior to this, we agreed NOT to put the expense on our CCs. Our HSA account doesn't have the amount needed in it. So we applied and approved for this Care Credit. It's basically a CC for medical and dental expenses. We have a $6000 line of credit and 0% interest for 12 months. Her surgery was $4400 total. We can easily pay $500/month on it without incurring any hardship. At $500/month, it can be paid off by next April.

Here is the decision.

Wednesday, my Dad hands me a check for $5,000. I was, and still am, just beyond grateful and overwhelmed with his generosity. He gives us money every quarter, but never this much. Just a great guy!

I checked my Amazon Prime card history. We've paid over $21,000 to it over the last 6 months!!!! I'M STILL BREATHLESS!! Money that could have funded more investments, a house backup generator, pool repairs, whatever!! I want this card balance down and out!!!

So.........

Do I use it to pay down the Amazon Prime card BECAUSE of the interest?

Or.....

Do I pay this Care Credit balance and use the remaining to add a third payment to my Amazon Prime CC? I'm getting 0% interest on it.

Thank you for any advice or decision-making ideas offered. I appreciate it.