First Card Down, Three to Go!

18 Mar

This weekend I paid off my first credit card! I haven’t had a card with a $0 balance since I started collecting my debt about 6 years ago. It feels great! I’ve still got a long way to go with 3 more cards with balances, but it feels good to see that I’m finally making progress on this. I took a little more time on Saturday to compare the current balances on my cards to what I started with in January. I also shifted some money around and signed up for a Slate card through Chase. They offer 0% APR for 16-months and $0 fee for balance transfers made in the first 60-days. I shifted the larger balance off my Bank of America card so I can save a little money in interest for a year. Unfortunately, I couldn’t get a high enough card limit to switch ALL my cards over to Slate.

Next card I’m paying off is my AMEX! I’m aiming to get that one paid off within 2-3 months.

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