CN, I will offer a bit of advice - if you opt to pay off the credit card, cut it up afterwards so you won't be tempted to use it. You would be better off with a separate bank account, perhaps putting $100 or so every month into it, and keeping that for emergencies. Another option would be to call your credit card company and ask that your limit be reduced to a small amount, maybe $1000. It will keep you from overspending on your card. Ask them for a lower interest rate as well. It worked very well for me - I have one card only, with a small limit, and the interest is only 8% and is guaranteed to never go above 11%.