My fourth card is my Disney Visa card. I got this card when they first came out. It is my primary use card. It is the one I whip out to make purchases (although, really, a rarely do that except when paying at the pump). It is the one I use when shopping on-line. It is the one I have all my regular monthly charges on (like my alarm system). I only do that last one if they make me; I prefer to pay bills that are on paper in front of me, so I can see my money slipping through my fingers...
This credit card has a 13.24% interest rate.
It was always my plan to keep the balance low and pay it off monthly. But that has never worked out.
It is also always the card at which I throw extra cash first, because the interest rate is higher than on the other cards. And because of my ongoing fantasy that someday I'll be able to pay it off monthly.
Well, that day appears to be almost here! On June 4th, my balance was $4,437.04, but by July 4th, it was down to $1,795.77. That's probably the lowest balance I've ever had on that account, not counting the time or two I paid off credit card balances using my second mortgage. (STUPID STUPID STUPID)
Two more good months of managing my spending and attempting to acquire $100 200 times, and my Disney Visa card may actually be under control!! That will be an exciting day.
I'm not really doing much to try to control my spending. It's just that I feel really stupid spending money with one hand these days while trying to rake it in with the other. It's sort of a self-motivator to spend less.
I do love my Disney Visa. I get points which we are able to spend as cash on stuff at Disney World, and since we live right here, that works great. Every year, I use points to pay for our annual visit to Mickey's Not-So-Scary Halloween Party. That way, I don't feel like such an idiot for “paying” over $150 for a parade and a bunch of candy. (We already have annual passes, so the rest of the benefits don't really count for us.)