Category Archives: credit cards

Transferring Balances

credit cards
On August 16th I said, “I am going to make a point this month to transfer two credit cards over to another one that is offering 0% interest until May 2010. I am tempted to go with the 2.99% interest for one year… but will probably go with the 0% offer. I had better hurry and do the transfer, before they decide to do me a favor and close the account, since I haven’t used the account in a while.”… Read the rest

To Close or Not To Close?

credit cards, plan of action
Jeremy over at Generation X discussed whether or not one should close a credit card account in his recent post If You're Going to Consolidate Then You Have to Stop Using Credit. Since we've been looking into refinancing our home, and rolling in the credit card debt, this post says many of the things which I've been thinking and worrying about. Jeremy discusses in the third paragraph To Close or Not to Close, some ways to determine if it's a… Read the rest

Credit Card Worries and Update

CC Reports, credit cards, True Confessions
President Obama signed a new bill regarding credit card rules which will go into effect in 9 months. I need to do some research on it as I have heard there are some good and bad points to the new bill. I've heard that it could have an effect on “responsible” credit card users – by that I mean those who pay their bills on time, pay more than the minimum, etc. I've heard this new bill could mean that… Read the rest

Just What I Needed, More Credit

credit cards
I bank with Wells Fargo and they recently decided that it was necessary to lower my overdraft loan amount from $5000 to $2000.  They didn't touch the $20,000 line of credit attached to the account we use for Mr. A's business. I've been using my Chase Amazon card pretty heavily and paying it down with big chunks. In fact, just a couple of weeks ago I decided to estimate how much we'll put on it in the next month and… Read the rest