And I just activated it. I feel kind of weird inside. I am about to use a credit card for the first time in about 4 years.
The credit limit on it turned out to be more than enough to transfer our entire balance from the Capital One card. So, I am going out grocery shopping today, and am paying for my Walmart purchases with the card to get my free $50 gift card. Then whenever that posts to our account (I already set up online account access), I am making a payment of the total amount to the card. Then when that posts to my account and my balance is again $0, I am transferring my Capital One balance to this new card. I’ll have 12 months from the date of transfer at 0% interest and even though that is faster than our anticipated payoff date we are going to try our hardest to meet that date.
Then the card gets stowed away and I don’t look at it again for a long time.
I thought about doing the balance transfer now and forgoing the $50 gift card but I shouldn’t accrue anything near $50 in interest on the Capital One card in the time it takes me to fulfill the requirement of a purchase and pay it off. We’ll see. I might change my mind before this evening.
Oh and in other news I did today look at my Wachovia account and I did sell my investments lower than they were a month ago. A bit lower, not a huge huge amount but maybe ~4-5%. And so it goes. I hope I’m buying Vanguard lower than a month ago too… but whatever. It is long term and life happens.