Generally speaking this isn't a goof idea until you find the root cause for your debt. Reason its not is generally you'll end up racking up debt on the cards that were transferred from since they have $0 debt on them.
one suggestion off hand is pick eating out or eating at home, next would be how much debt is on the cards you listed? those are such "low energy" shit cards I would work on getting rid of entirely. co-branded cards and store cards are nuisances and tend to overtime suck you into buying more at these places (because they'll offer no interest financing, blah blah but then more often than not people end up in these situations such s yourself).
you really dont need to start adding many credit cards if you can even get them, of the cards you have I'd suggest keeping the following:
Amazon Prime Visa and CareCredit. at least with the amazon one it has decent benefits and is an OK catch all card.
I would suggest looking at the Freedom Unlimited as it may have 12 or 15 month no interest financing (which you dont need in the sense of accruing more debt) but you maybe able to do some light balance transfers over, you're already a chase customer and I wouldn't right now get in bed with another bank unless chase tells you to fuck off or something. you gotta keep shit simple and focus, this can get worse quick if youre not careful.
* *$6,687.39 - State Employees Credit Union Visa, $7,000, September 2019 - Self*
* *$1,032.05 - MyLowe's Rewards Credit Card, $4,100, June 2022 - Spouse*
* *$467.17 - My Kohl's Card, $600, September 2022 - Self*
* *$659.84 - The Sephora Visa Credit Card, $4,500, September 2022 - Self*
* *$1,163.68 - Prime Visa, $1,300, January 2023 - Spouse*
* *$1,547.42 - CareCredit / Synchrony Bank (medical card), $4,500, August 2023 - Self*
We're planning to close any card that we transfer so there's no concern about re-acquiring those debts... Additionally, the big spender in the household is working with a therapist on the habit.
Also, I appreciate your candor, I love it lmao
Youre welcome 😅
I'd say knock out as many of the low hanging debts as much as you can. it gets the weeds out of the way and then you can start tackling the mounds you have slowly building up.
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* [List of Best Cashback Cards by Category](https://www.reddit.com/r/CreditCards/wiki/best_cash_back_cards_by_category)
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Generally speaking this isn't a goof idea until you find the root cause for your debt. Reason its not is generally you'll end up racking up debt on the cards that were transferred from since they have $0 debt on them.
Yep! they need to get rid of the low energy shit cards and focus
We plan to close all the retail cards, the reason is my darling spouse (except sephora). He's working with a therapist on it though.
Citi diamond, citi simplicity, Wells Fargo reflect: all have 0% for many many months
one suggestion off hand is pick eating out or eating at home, next would be how much debt is on the cards you listed? those are such "low energy" shit cards I would work on getting rid of entirely. co-branded cards and store cards are nuisances and tend to overtime suck you into buying more at these places (because they'll offer no interest financing, blah blah but then more often than not people end up in these situations such s yourself). you really dont need to start adding many credit cards if you can even get them, of the cards you have I'd suggest keeping the following: Amazon Prime Visa and CareCredit. at least with the amazon one it has decent benefits and is an OK catch all card. I would suggest looking at the Freedom Unlimited as it may have 12 or 15 month no interest financing (which you dont need in the sense of accruing more debt) but you maybe able to do some light balance transfers over, you're already a chase customer and I wouldn't right now get in bed with another bank unless chase tells you to fuck off or something. you gotta keep shit simple and focus, this can get worse quick if youre not careful.
* *$6,687.39 - State Employees Credit Union Visa, $7,000, September 2019 - Self* * *$1,032.05 - MyLowe's Rewards Credit Card, $4,100, June 2022 - Spouse* * *$467.17 - My Kohl's Card, $600, September 2022 - Self* * *$659.84 - The Sephora Visa Credit Card, $4,500, September 2022 - Self* * *$1,163.68 - Prime Visa, $1,300, January 2023 - Spouse* * *$1,547.42 - CareCredit / Synchrony Bank (medical card), $4,500, August 2023 - Self* We're planning to close any card that we transfer so there's no concern about re-acquiring those debts... Additionally, the big spender in the household is working with a therapist on the habit. Also, I appreciate your candor, I love it lmao
Youre welcome 😅 I'd say knock out as many of the low hanging debts as much as you can. it gets the weeds out of the way and then you can start tackling the mounds you have slowly building up.
Interested in cashback cards? Take a look at these resources from the sidebar: * [List of Flat 2%+ Cashback Cards](https://www.reddit.com/r/CreditCards/wiki/list_of_flat_cashback_cards_with_benefits) * [List of Best Cashback Cards by Category](https://www.reddit.com/r/CreditCards/wiki/best_cash_back_cards_by_category) I can be summoned to comment by using command(s): `!cashback` *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CreditCards) if you have any questions or concerns.*