I welcomed another credit card into the family. You may be wondering why I would be getting another credit card since I have so many already.
The key here was a balance transfer offer! Zero percent for one year!
I thought it was a slim chance that I would get it, but I did. And on top of that, I received a $7,500 limit. I know...I'm scratching my head too on how I was able to get another card. But, somehow I feel fate is helping me.
See, Credit Card #2 has that huge balance sitting at 13.99%. I have the ability to transfer $8,000 onto Credit Card #4. But that is the only card I can do it with. Unfortunately, the other cards with available balances are from the same "family" as Credit Card #2. And they do not allow balance transfers to similar cards.
With this new card, I now can transfer $15,500 from Credit Card #2 and have a balance of roughly $3,500 left. Now I need to decide whether to keep that balance on the card and pay it off first, or explore other means of reducing the interest rate ;)
Hopefully if Blogger is cooperative, I'll be posting my game plan this weekend.