For me the scary thought here is that if your parents are not CC debt averse then after paying off the debt they'll accumulate it again. I'm not a psychologist and have no clue about such behavior though. I've read only that if people get a gift to pay off their CC debts, they tend to sink into the same debt again.
I'd rather invest in retirement in this situation and let $800 work its way in debt reduction. BUT if the parents have learned and know that it's detrimental to carry CC debt, then yes, they should pay the debts.
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