*Loan,banking and credit>>>auto loan

If you have 2k in your savings account, is it better to pay off a credit card or apply it to a 16k auto loan?

Which will save me more money and interest?

You indicate the 2k will kill the credit card debt. If so, get rid of it. Basically pay off all you can and apply those payments to your other debts. If you go smallest to largest, you'll enjoy paying thing off instead of worrying about paying off by interest rates. The interest savings will be very small and you'll be eliminating debt along the way.

Pay off smallest to largest worked for me, I always got tired of trying when just looking a interest rates because I never got anything payed off. Small victories are great motivators. Source(s): life

PAY OFF CREDIT
Apply it to whichever one has the higher interest rate.
It's better to save it, and pay off your loans a bit with each paycheck. If you can get extra work or overtime, that's even better. Another thing you might consider is trying to consolidate both loans at a lower interest rate. Then quit using your credit cards until you're debt free.

If you continue to save a little bit out of each paycheck for yourself (10% is very reasonable), then when you have paid off your debts you will find that you have a nice lump of cash in savings--which I would recommend investing, rather than celebrating with. You will also have learned the discipline of saving a portion of your income, which will probably help make you financially wiser, and certainly wealthier.

I suppose you could take the advice of others, and apply every last extra penny to your debts--but consider carefully. Few people who have managed to dig themselves into financial holes have the discipline to continue slavishly working for their money lenders. Typically, they will fall back into their old spending habits long before their debts are paid. And even if they manage to tough it out until their last payment, they have nothing but a clean financial slate to show for it, and have not taught themselves--trained themselves--to save for the future.
credit card~!
Well, I would hold off and just make payments to both but if it is not an issue to keep the money I would pay off the credit card you are probably getting a 25% or more on interest and late fees.