Picked the zero interest card over the cash back one and now I'm stuck with a $400 balance I can't pay off

I chose a 0% APR balance transfer over a 2% cash back card six months ago to save on interest, but since the 0% ended it jumped to 22% and I've barely made a dent on the $3,200 I moved over; anyone else regret skipping the rewards for a low rate?

3 comments

3 Comments

amy_west1mo ago

You got $400 left and zero clue how to pay it?

bennett.harper1mo ago

My brother took the cash back card and now his kitchen renovation is paid for.

pat7811mo ago

My cousin did the same thing last year with a Home Depot card - 0% for 12 months. He put the whole kitchen on it and paid it off in 10 months by splitting the payment across three credit cards. Just make sure you watch the due dates like a hawk or the interest will hit you hard.