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From your experience, how long does it take, on average, from the moment you've taken a new credit card and to the day you have completely paid it off and gotten rid of it?
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Banks are usually offering FREE annual fee on its first year of membership, I therefore take in the credit cards only on its first year. Before the year ends and they charge me the next year annual fee I will pay off everything and surrender it. Then I'll apply in another bank for a credit card with free membership fee
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Its a nice idea from giay, but i would suggest you to use a debt calculator to see yourself how much to pay and how long to pay to payoff your card debts. One such calculator you can find at: How Long Will It Take To Pay Off My Credit Card?
I hope the above calculator will be of good help to you. All the best |
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