If you are like me, you are looking anxiously at your remaining credit card debt and wondering what's the best way to proceed. I am expecting continued rate hikes as credit card issuing banks take a hard look at their bottom line under the new legislation. I am going to make sure that my remaining credit card debt is locked in at the best long-term rate I can find.
Here is an excellent calculator to help you determine if transferring a balance to a different card will actually save you money. I use this thing every time one of those teasers arrives in the mail: Should I leap? or should I stay right here on this lily pad a little longer and wait for a better deal?