If you read the post before this one, I wasn’t sure what credit card to pay using my overpayment refund, but a master plan was brewing in my mind (muwahaha).
I was ready and raring to go and to pay off Credit Card #4 and wait for a nice balance transfer option to then use towards Credit Card #2. But then I looked in my mailbox today and received a balance transfer offer from Credit Card #4:
4.9% until September 2006 – and has a balance transfer fee of $50.
Only 4 months at the lower rate PLUS a balance trasfer fee. Given the short timeframe of the interest rate and the fee – it probably isn’t worth it to send my refunds to that card. Perhaps I should just pay it all towards Credit Card #2??
If anyone has a few words of wisdom to share, that’d be great 🙂