Welcome to No More Spending; how we manage our budget as we attempt to pay off our mortgage early, move abroad, and reach Financial Freedom by 2020. You can read more about this site here and subscribe to get all the latest updates sent to you by email or RSS feed here.  Thank you for visiting!

16 February 2009

No balance transfers

You know I had a plan to get a new credit card and do a super balance transfer, well I couldn't do it. I got the credit card, all pink and shiny, but couldn't bring myself to transfer some of the loan balance on to it. The thought of paying the 2.98% transfer fee to the credit card company didn't feel right, so I've cut it up and sent it back.

I will never pay a credit card company interest, ever again.

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6 comments:

  1. I understand your decision. I hate the credit card companies and I totally hate giving them any interest! So stick it to'm!
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  2. Good for you! Follow your gut instinct!
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  3. Hi there-way to go, I would like not to pay them interest ever again too!
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  5. thank you all, it does feel like the right decision :)
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  6. Sometimes it's not worth it, I liked the good ole days when they capped the fee. The straight percentage is rough, good for you.
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