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Paying Off a Credit Card

by bill - 2011-10-16 - ( life / money )

That's a nice headline, and it felt good doing it today. Granted, the bulk of the balance was simply transferred to another credit card. But still ... :) I also closed out the checking account associated with the card, making sure to close the checking account first.

My fear was that if I paid off the credit card first, they (US Bank) would add a fee to my checking account because its balance was below $1,000 and no longer connected in any way to a credit card. It was that connection that was keeping them from charging me a monthly checking account fee.

It gets complicated, like everything to do with finance these days. Anyway, the card and account are now closed, and it still feels good. :)


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