Just sending a grumble to the $132.72 we were just charged in finance charges on our WF card. Can’t wait until I reach this card in my Snowball schedule. It’s a fight between this particular card and my car loan.
Because the card has a
24% balance (just found out it is at 19.88% -thank you to MoneyMateKate and her calculations – that is a happy find) balance, I think it wins at needing to be paid off before the car loan. Bleck! Can’t wait until its gone!
I forgot to tell you something hilarious! Because I have been such a recent loyal customer at B of A for paying down my credit card balance (13.24% APR)… they sent me 3 blank checks with an introductory 0% APR to use for transfering balances from my other cards. I got a kick out of it.
I haven’t actually looked at the whole senerio to see how good of an offer it is. If it is say, a 6-month intro rate, and I calculate my finances to only transfer a card that will be paid off before the intro rate is over… do you think I should do it? Like to hear your thoughts on it.
In 6 months, I think I could pay off my FFCU $1700 card I have at 12% interest. If I can transfer this to a 0% rate and PIF in 6-months time, is it worth saving the $229 of interest I could save?