The Balance Transfer
Some good news.
The $1,500 I wrote about left my 28% credit card and headed over to the one with the 9.25% interest rate and I still have not made this month’s payment, which should be $600. Yeehaw!
Can you tell I’m excited?
My First Command Bank credit card does not apply a higher interest rate to cash advances, balance transfers, etc. It’s just one interest rate on the entire total. Also, this credit card does not have balance transfer fees, over limit fees or late charges (of course, I am willing to bet that abusers would change the bank’s attitude in a second).
This is the perfect credit card for me and it will be the one I will ultimately keep. Predatory banks like Washington Mutual and Providian (which Washington Mutual bought out) can kiss my ass when it comes to my business in the future.
Even if I loose points from my FICO score, nothing will stop me from getting rid of those two credit cards!
[...] yet made up my mind as to how much more than the minimum I will pay, or if I pay at all as I did a balance transfer from this credit card earlier this [...]