Nearing the end of the Card-hopping game

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.

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