A graph showing how 0% credit cards have reduced my interest payment
I recently applied for a bunch of low and zero interest rate credit cards, and most of the transfers have now happened.
There’s a couple of accounts where I just wasn’t able to do the transfer, so the interest amount will remain. But the graph below shows the savings I’ve managed to make in the past 6 months; from around $700/month just in interest, to around $200/month now. That’s a great saving.
I’ll now have to make sure that I keep paying them down, and keep the spending under control, and of course swap over to new low rate cards just before the 20% interest rate kicks in.
