Wait just a sec, what does the money in the savings represent? Is it your emergency fund? What's your financial situation, are you working and able to quickly replace the $5000 back into savings or will it take you a long time to earn that amount again? Will taking the $5000 out of savings significantly reduce your savings, meaning does it come close to wiping you out? I would want to keep something back for emergency usage.
But, if you still have sufficient back up $$'s then I'd go ahead and pay off the CC.
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