NEVER TOO LATE TO LEARN
I spent 10 days at home with my folks so there were no expenses. I lectured my parents about how they can avoid their fights regarding money and marriage if they separate it. I told them that my wife and I keep it completely separate so we don’t have to answer to each other, but we will advice one another if we think the other is doing something foolish or non-productive. They took heed.
CARD HOPPING
I’m trying to do the last of my high interest credit card which is the $1.3K on my BofA account. I just transferred it to the chase card. it has cool options like:
6.99% Fixed APR until full balance paid and no fee (Respond by: 1/31/08)
0% Fixed APR until the first day of your billing cycle that includes 7/1/08 (Respond by: 1/31/08)
4.99% Fixed APR until full balance paid (Respond by: 1/31/08)
I chose the 0% and the 3% balance transfer fee will be about $40. then I was planning on putting it all on the BofA at 4.99% for the life of the debt, but now I see that they no longer have that option. They only have that rate til Jan 2009. So I guess if I wait I out for a few months they might give me the ‘4.99% for the life of the debt’. But with all the bank crisis, it might not be around. We’ll see.
Also I was denied the second chase account which I applied for a month ago. They said that it was because I had just opened a previous account with them recently.
I have a Household Bank offer for a 0% APR for 12months then a go to rate of 14%. I might get it so my wife can use it. Another hesitation I have with putting my wife’s $3.65K debt on my account is that it will lower my fico score. She’s currently paying about $550/yr which would lower it to $182/yr if at 5%…. I just logged into hbaccept.com and it is an hsbc account. So I don’t think I’ll go through with it.
Tags: 0% credit card offers, card hopping, debt consolidation, fico, score
