LogFAQs > #978688478

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Topic	How much credit card debt do you have?
spriga 02/06/24 12:58:23 PM #75:	CE_gonna_CE posted... Its not a joke. The vast majority of it comes from 0% balance transfers. I have enough cash on hand and/or assets I could liquidate to pay it off, but theres no sense in doing that before the promotional 0% period ends since its incurring no interest. There are a couple cards I use regularly for daily purchases and whatnot which I do pay off in full monthly as to not incur interest charges, but the 0% stuff stays out there and I just pay off the balances in full at the time when the promo expires. Been doing this for the last 10 years or so at least. So you're paying off the 120k soon? Or transferring it again. --- water please <cite>spriga posted [p:978688478] in How much c... [t:80687986]...</cite> <quote>CE_gonna_CE posted... </cite><quote>Its not a joke. The vast majority of it comes from 0% balance transfers. I have enough cash on hand and/or assets I could liquidate to pay it off, but theres no sense in doing that before the promotional 0% period ends since its incurring no interest. There are a couple cards I use regularly for daily purchases and whatnot which I do pay off in full monthly as to not incur interest charges, but the 0% stuff stays out there and I just pay off the balances in full at the time when the promo expires. Been doing this for the last 10 years or so at least.</quote>So you're paying off the 120k soon? Or transferring it again. --- water please</quote> ... Copied to Clipboard!
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