Archive for the 'Credit Cards' Category

O% Balance Transfer Arbitrage: My $557 Mistake!

Thursday, June 5th, 2008

Talk about penny wise and pound foolish. I just wiped out most of my gains from the past 10 months of 0% balance transfer abritrage! In the process of updating my excel spreadsheets for May I was checking my email and noticed that I had received an email from Bank of America letting me know [...]

My Credit Card Debt is now at Record Levels

Monday, September 10th, 2007

I never thought I would carry over $45,000 in credit card debt. That amount represents about a years worth of living expenses for our household. Even when I was at my personal finance low 2 years ago with over $14,000 in hard earned credit card debt, I never thought I would let my debt get [...]

I Just Added $19,500 in Debt!

Tuesday, July 17th, 2007

It’s OK, I THINK I know what I am doing this time. I didn’t buy a new car. I didn’t go on a fancy vacation. I simply decided it was time to play the credit card arbitrage game. After spending the past 2+ years aggressively paying down my credit card debt I have managed to [...]

Are Credit Card Companies Pushing Debt, You Bet!

Tuesday, May 15th, 2007

I just received a replacement credit card in the mail for one of my long standing credit cards. When I called the number listed to activate my card I was asked to call from my home phone or wait to speak to an “account manager”. The reason for this is that my “home phone” is [...]

Joint Life, Joint Accounts?

Wednesday, January 17th, 2007

Ah the joys of married life.   Its the opportunity to build a life together with someone very special.  However before this journey begins you get to purge all duplicate and extraneous belongings.  The process can be very satisfying, sort of like a new semester in school or the start of a new year.   

Can Credit Card Debt Save You Money?

Tuesday, January 9th, 2007

Credit Cards are the Ginsu knives of personal finance. They have evolved from basic debt instruments available to a select few to an essential tool of modern life that can be used for almost anything. With an increased awareness of the costs of my debt, I found this to be an interesting article suggesting a [...]