My third card is yet another credit card on which I carry a hefty balance. This one currently stands at $7,400 with a 1.99% interest rate until March 1, 2011.
The scary thing about carrying these abysmally high balances is that one of these days one of my cards will hit the end of that low-interest-rate grace period, and I won't have anywhere to transfer it to. Suddenly, I'll be paying 20% or more in interest. My budget couldn't handle it.
That, of course, is why these balances need to be paid down. The stress. The financial burden. All of it.
The irony of the fact that I am largely accumulating new money by selling stuff I acquired with the old money is not lost on me!!
On other fronts, I started an Inquiry with Amazon to make sure my Webkinz Black Lab purchaser isn't a serial faker when it comes to claiming packages never arrived. What a great way to acquire merchandise that would be! (For a dishonest person, I mean.)