This week was quite productive in moving finances around. With both tax refunds arriving, I was able to completely pay off two credit cards (Sears and Chase). I also put $2000 aside for our trip in May. My FICO score is nudging back up the chart a little bit, so I was able to increase a credit limit on a low interest Citibank card (11.99% down from 13.49% -they did this automatically for me!). I was then able to transfer the entire balance from my Chase Bank One card ($1499) with a 24.99% interest rate to the lower interest card. The transferred balance also has an introductory rate of 6.5% for 6 months. All of this means that I am completely divorced from all Chase cards FOREVER! I’ll leave them open for now to keep my FICO score in check, but Chase has been my demise since I first opened an account with them. They take liberties with their APRs that should undergo scrupulous Federal examination. I received a letter in the mail at the end of last year that stated my interest rate would be raised to 31% just because. It still hasn’t been raised. I think they wanted me to just close the account so I’d be locked into 29.99% forever. It was also not in my favor that a Bank One card I had ended up in the hands of Chase after a merger. The APR was pretty good until then.
I added in interest charges for March in this, so some of the balances have gone up from the last snowball post.
Here’s where things stand now… There are 4 zero balances in there!