When we first started this blog, we had $18,054.88 in credit card debt. A year later, in January 2007, we reduced it to $11,560.40. It was our goal this year to eradicate all of our credit card debt by November 2007.
On June 18, 2007, a whole 5 months early, we sent in our last payment. Suck it, credit card interest.
The road to no more credit card debt was an interesting one. While Her had higher balances, I had atrocious interest rates. One of the first things I did was to reduce my retirement contributions to pay off the credit card debt. I eventually played the balance transfer game for the lowest interest rate until all of my credit card debt was at 2.99%.
When both Her and I had paid off all of our non-0% credit card debt, we signed up for rewards cards that we judiciously paid off every month, making sure not to pay any interest charges. We’ve used those cards to accrue rewards that will pay for much of our honeymoon. It’s about time we took back from the credit card companies what they took from us. That last sentence made me sound like a vindictive barbarian. I digress.