Erasing Our Debt

I did some research and did a little reading on my statement for my credit card. There was a little section that explained why my minimum payment is $10.

Because of the careful way you manage your account the minimum payment due on this statement has been reduced to $10.00. If you prefer to pay your regular minimum amount due, it is $73.59. Please remember finance charges will accrue as usual. Thank you.

So it says I manage my account carefully. If you read between the lines, that means that I have hardly charged anything to my account lately and while even though I did last month for medical reasons, I immediately made a payment from my savings account. Also another hidden meaning is that they want me to think good about myself and my ability to manage my account oh-so carefully so that I will think long and hard about using this card to make purchases for the Christmas season.

I am actually thinking about transferring this balance within the next 4-6 months and then calling them back to see if I can get a good balance transfer offer.

Labels: debt, payment

// posted by Ryan @ 10:26 PM