by Hope
Another debt bites the dust. Amazon CC debt be gone!
Some of you may remember that this debt has been almost gone before…just a few months ago. And then I went a little spend happy and ran it back up. No more!
I’ve hesitated to cancel this account due to it being my second oldest credit account so I know closing it will adversely affect my credit score much more than the other cards that I’ve already closed. But just like then, I’ve decided that I do not care about my credit score. I have to remove even the temptation to use this car again.
This card will be closed. Once the payment is cleared and settled.
The total paid today is: $1,412. And it feels soooo good to have another account paid in full.
(Sidenote: the two cards that I’ve already paid and closed have emailed me almost weekly to get me to reinstate the cards. Is that normal? But I am not even tempted.)
What’s Next?
Based on my last debt update, my plan was to pay off my Frontier credit card next. And I figured it would take a couple of months because of my income and the balance. But now I have full time income. HOWEVER…
I’ve mentioned at least once, maybe a couple of times, that Princess must get her wisdom teeth out. And we did get a consult last month. The total for the surgery will be $4,010. I paid $400 of that at the time of consult. We have scheduled the surgery for next month (October, 2024) after her mid-terms.
So my plan is to pay the Frontier card in full at the beginning of October. Then I will have to turn around and use the card for the surgery. This will save me 1/2 month of interest accruing. And then I will pay it off again in its entirety again in November. And then cancel the card.
Is this a good plan, a good use of credit card at least temporarily? Or am I making a bad call with this plan?