Just got our “house” credit card bill this morning, and noticed a VERY sexy box full of information on there ;) Which is funny considering we now have some credit card debt as I mentioned last week (I blame you Europe).
I’m not sure how many of you were reading this blog last year, but I had gushed all about these new c/c rules and got slammed pretty hard for it. There may be one or two that I’m not *as* excited about as I was initially (the over 21 rule specifically), but for the most part I stick by my HELL YEAH! attitude :) Of course we’re gonna get slapped with nasty late fees/returned checks/etc if we don’t pay attention, but you can’t deny this sweet picture I’m about to show you! HOW COULD THIS BE BAD???:
(A snapshot of my actual credit card statement from USAA, minus the awesome doodles)
I mean come on, look at those sexy statistics! You think people are going to just overlook that and not think twice? Maybe the first few months, but overtime it will sink in and at LEAST shave off 5%+ their spending (I’m making that up, but I bet some economist will prove it!). I have absolutely no problem with these new additions here and I REALLY REALLY hope this gets people to wake the F up.
Shopping is fun & exhilarating, I get that – but guess what, so is financial freedom. I stick with you, dear credit card changes. Let’s rock this together.
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.