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Credit Card Debt

December 26th, 2007 at 08:12 pm

Citi card: $1800.00 @0% until 4/08.

Plan to pay more than minimum and pay off card in full in March.

Chase Sony Card: $18000.00 @0% until 4/08.

This was a great deal.
I got a $100.00 statement credit.
So after I activated the card, I bought
$25.00 of gas.
Then, I consolidated existing Chase cards to the Sony.
That made the total balance available
$23000.00
I then paid off the $25.00 in gas I charged.
Then I wrote the Balance Transfer check for $21000.00 and deposited it in the MMA.
The max BT fee was $75.00.
6 weeks later, I got the $100.00 statement credit.
YAY! Free gas and free BT!!
Now, I owe $18000.00.

We made quite a bit of interest income on this since the money was added to our existing savings.

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