I am confusing myself
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I am confusing myself
| Sat, 09-06-2008 - 3:27pm |
I have 2 pretty good balance transfer offers on existing cards for the life of the balance
| Sat, 09-06-2008 - 3:27pm |
I have 2 pretty good balance transfer offers on existing cards for the life of the balance
what is the new interest rate 7.09 or what and what is the old interest rate?
Mary Ann
Maybe I can help you figure it out.
Forget about the 99.00
I ran up 3485.00
You are below $21k - hooray, Mary Ann!!!!!!
I got one of my bills
I used the loan calculator at bankrate.com to calculate these figures:
$3485 @ 7.09% interest for 13 months = 144.19 in interest pymt = $279.29
$3485 @ 1.99% interest for 13 months = 40.14 + $99 transfer fee pymt = $271.20
Looks like a wash to me. If you had any thoughts that the 13 months wasn't realistic though, the transfer would probably start to win the race.
Peg
Thanks very much, Peg.