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Credit Card Debt Transfers

July 13th, 2011 at 01:40 pm

My Bank of America credit card is now charging me 7.24%. It seems that all of my extra payments were applied to the debt that is at 1.99% until September, not the part that was at 1.99% until June. I thought that was no longer allowed, but it is allowed because it was all at 1.99% at the time the extra payments were made. So the remaining balance is now being charged 7.24%. What is a girl to do? Well, I did a balance transfer of the last $800 to Citi today. There is a 3% fee and I am at 0.0% until January 2013.

I called Discover and learned that I am at 0.0% until July 25th, then the rate will be going to 14.99%. I did a balance transfer of the last $1300 to Citi today under the same terms.

That's $2163 and 18 months to pay it off before more interest is charged. So that is just what I am going to do. Smile

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