Middle-aged married mom looking ahead while enjoying today My 2020 goal #4 is “Pay no CC interest or fees”.
Since I have a balance on a 0% card that expires in May, I’ve decided to do a combination of paying it off and transferring to another 0% card with no fee involved. I applied for a Bank of America card (I mentioned it on Amber’s blog earlier.) that has a 0% rate with no fees for balance transfers before mid-March. It was approved and they just completed the balance transfer.
The original total amount parked on the 0% CC was $19k. I transferred $10 of that, leaving me to pay $9 right away. I used the federal refund toward the balance; I will use the smaller state refund toward it; I used a portion of my quarterly bonus; Now I am diverting amounts from regular pay between now and May. I should get ‘er done.
I will likely just pay the minimums to BoA each month while I focus on other goals. My next focus is the EF. Then later in the year I’ll make a plan for what’s remaining on the BoA card. Its 0% special expires in April 2021.
Tackling the Expiring 0% CC
February 20th, 2020 at 03:37 pm
February 20th, 2020 at 06:40 pm 1582224046
February 20th, 2020 at 07:58 pm 1582228695
February 21st, 2020 at 02:11 pm 1582294278
February 23rd, 2020 at 09:02 pm 1582491751