June 18, 2008
Decison to make or not
So I get bal trans checks for 1.99 APR thru Feb 2009 from my paid in full Wamu Visa card. I'm not sure if I should bite. The credit limit on that card is $1k and right now, it doesn't see to be much of a dent to anything. The worst I'll be doing is spreading my debt across yet another card and I'm thinking of putting it onto the Target Visa.
If I do that and knock the balance down by $1265.00 this month, I did the number crunching and the finance charges will dip from $145/mo to about $124/mo. Not a huge drop, while I'll have to pay $145/mo from July to Jan to get the card paid off in time.
So my minimum payment on Target my drop by $100 and I'll know pay 1.99% on 1k of debt vs. 19.24 for 7 months. Even the time it'll take to do the math doesn't feel to be worth it so for now, I think I'll pass.
I have till 7/30 to use the checks.
10:05 AM in Credit Cards, Daily Jabber, Target, Wamu Visa
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