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Balance Transfer Update and Other Musings...

July 21st, 2015 at 12:26 pm

My new Cap One card came yesterday in the mail. I activated it immediately and hopped online to see if I could complete the balance transfer, because I am impatient like that. No dice. I got a message saying balance transfer offers weren't available online, but that I could call. So today, call I did. Turns out an account has to be open for 10 days before balance transfers are available. Oh well. I made a note in my Outlook calendar to complete the transfer on Monday. I'll be transferring the Verve balance after all. You cannot transfer between Cap One accounts. Makes sense - why would they want to lose out on all that yummy interest? Not a big deal....I will transfer the Verve balance, and then apply aggressive payoff plan to the Cap One secured card, while making a modest payment to Cap One QS. Once secured is paid off, then I will turn my attention to QS. Found it funny that as soon as the card was activated, they charged the annual fee. Guess they're impatient too Smile

I decided to keep the Verve card for a little while, even though it will cost me money. As my CC balances get paid down, my utilization will go down as well, which is the biggest thing hurting my credit score at the moment. Once I get through moving, I will re-assess and decide if I want to keep it open. By then, I'd like to have also replaced the Cap One secured card with a non-secured card of a similar credit line. Hopefully I can close the Verve by the end of the year, and then close the Cap One secured by March or so (it'll be paid off before that, just trying to stagger the age of my current accounts so it doesn't look like all of my credit is new).

In non-financial news...my workouts have been going great. I do CrossFit 3-4x a week, and have gained a lot of strength. I'm doing an eating plan that focuses on fueling your body for your workouts, and it's helped me immensely. The by product of fueling your workouts properly is fat loss. I don't know how much tangible loss I've seen so far (in fact, the scale is definitely up about 8 pounds but I would guess some of that is muscle!), but I've been getting a ton of comments that I look like I've lost a lot of weight. Nope, I've gained a little and in fact am eating between 2500-2900 calories a day! But thanks anyway haha. I'm more concerned with how I look and feel than with the number on the scale right now. A recent body fat test informed me that the scale goals I've had for the last 5 years, even though they were conservative, are also impossible based on the amount of lean body mass I have. Soooo, that goal is gone. If I continue on this path, it'll come.

That's about it for me for now...looking very much forward to Thursday (parking account resets!), and Friday (payday!)...hope everyone is having a good week!

4 Responses to “Balance Transfer Update and Other Musings...”

  1. scottish girl Says:

    That's a pain you can't transfer online. Both transfers I've done have been online. Friday's payday for me too!

  2. VS_ozgirl Says:

    Your workout plan sounds much better and healthier than watching the numbers, keep it up!

  3. Liz Says:

    scottish girl - I should be able to transfer online as of Monday. I just wasn't seeing the option yet because my account is too new. I'd like to get the balance transferred before the next statement closes, but not sure how long it'll take.

    VS_ozgirl - Thanks! I feel less stressed out doing it this way Smile

  4. FrugalTexan75 Says:

    I've veereed way off my eating and exercise plan this past week. Unfortunately, the scale shows it (and it isn't muscle for me!)

    Once August rolls around (and my fresh budget is in place), I plan to look in Goodwill to see if I can find an "inspiration" piece, and then use that as my measurement instead of the scale. The scale is just too merciless.

    Good job on your workout and eating habits!

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