Okay – so I’m not sure if I’m rightly justifying this or not, but I applied (and was approved) for a Discover Card this morning. I applied only after reviewing a list of 0% balance transfer offers on The Five Cent Nickel.

Currently my credit card debt has the following interest rates:

• $13,513.40 at 22.45%
• $9,503.22 at 16.5%
• $2,045.08 at 4.99%

Hopefully I can convince my “new friends” at Discover Card to increase my limit enough to take on my $13,513.40 balance. I’m also planning to ask American Express if they can match the current 4.99% that they gave me on a previous balance transfer.

Hopefully the answer will be yes to both my requests.

And my debt will soon look like this:

• $13,513.40 at 0%
• $11,548.30 at 4.99%

Much easier to handle I believe.

That’s the ideal plan, however. I’ll keep you posted on what happens.