I’ve incurred a lot of debt because I had a girlfriend who lived beyond our means and we had the unfortunate “You only live once, money will come back” mindset. Since then we’ve broken up, and I’ve been slowly but surely paying off my debt. I also got a promotion and raise recently, so that helps. I’ve also gotten my spending well under control and don’t have issues with any other credit cards or debts.
I have a balance of exactly $3,000 with a 24.49% APR on my Capital One Quicksilver card, and I can afford to throw ~$500 at it per month. Should I keep doing that, or apply for a balance transfer card?
Should balance transfer to a 0% APR intro card? Or just keep paying off my card
byu/Plastic_Raise3136 inCreditCards
Posted by Plastic_Raise3136
1 Comment
If you can get a 0% APR BT, you certainly should. $3k isn’t a lot of money but minimizing the amount of money you are throwing away to interest is better than not doing so.