Freaking out a little bit about a credit card

[Anonymous]

You should tell your husband and then have a conversation about sharing his cards.

[Anonymous]

Anonymous wrote:He makes a shit ton of money and I make pennies comparatively. I got my own credit card because every credit card we have is in his name and I just wanted my own.

Do you share the money you make collectively? That's the way to avoid resentment.

[Anonymous]

So your husbands credit cards aren't a joint account with you? That's just plain crazy for someone legally married.

[Anonymous]

Don't you have joint bank accounts? If he makes a shit ton of money just pay the bill from your checking account. This whole thing is very peculiar.

[Anonymous]

Anonymous wrote:Just to be clear, you are paying an APR of 24%, so on a constant $1,000 balance that's $240 per year in interest or $20 per month. Assuming you pay extra then the balance will decline and the actual interest you pay will be less than $240 over the next year. I'd just find another 0% card to transfer the balance to, even if it can't be done immediately and you have to pay a month or so of interest on he current card.

Often with those 0% deals you have to pay retroactive interest if you haven't cleared the balance. That's why the companies offer them.

[Anonymous]

Anonymous wrote:Get a new card TODAY (online) and do another balance transfer. It'll cost you 3% instead of 24%

Great idea. Not!!!

When you play with snakes you get bit.

Be done with credit cards. Come clean with dh. Btdt

[Anonymous]

Anonymous wrote:So I must have miscalculated something and got an alert from mint today that my intro 0% interest rate on a credit card ended on March 1st. I had it in my mind that it was 18 months and apparently it was 12. So basically I have to pay $1000 by the due date in 5 days or will have to pay almost 24% interest. first of all 24%? I have almost an 800 credit score so how is this amount based on "credit worthiness"? Obviously I have to pay it but I work part time and don't have an extra $1000. As a family we do but I really don't want to tell my husband as he doesn't even know I have this card and he would be extremely disappointed. here are my options:
1. Tell my husband. he will 100% pay it off but he will be upset.
2. I can pay about $700 of it by the due date and then I'd just have to deal with the finance charge for 1 month but I would absolutely be able to get it done by the next due date.

Thoughts? I know in the grand scheme the ~$250 is not a huge deal but seriously that rate in obnoxiously high.

If I didn't tell my husband about the card upfront, I'd go with option two. Then when I got drunk a year later, I'd tell him the whole story and say it's been taken care of. Drunk me is responsible like that.

[Anonymous]

The interest on such a small balance would be minimal.

[Anonymous]

Do you have any literature from when you signed up for the credit card? It may have actually been 18 months. Mistakes happen.

[Anonymous]

The interest is going to be on the past 12 months, not on the $300 left. Tell your husband or be okay with the extra $240 or so that you're going to be paying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So I must have miscalculated something and got an alert from mint today that my intro 0% interest rate on a credit card ended on March 1st. I had it in my mind that it was 18 months and apparently it was 12. So basically I have to pay $1000 by the due date in 5 days or will have to pay almost 24% interest. first of all 24%? I have almost an 800 credit score so how is this amount based on "credit worthiness"? Obviously I have to pay it but I work part time and don't have an extra $1000. As a family we do but I really don't want to tell my husband as he doesn't even know I have this card and he would be extremely disappointed. here are my options:
1. Tell my husband. he will 100% pay it off but he will be upset.
2. I can pay about $700 of it by the due date and then I'd just have to deal with the finance charge for 1 month but I would absolutely be able to get it done by the next due date.

Thoughts? I know in the grand scheme the ~$250 is not a huge deal but seriously that rate in obnoxiously high.

If I didn't tell my husband about the card upfront, I'd go with option two. Then when I got drunk a year later, I'd tell him the whole story and say it's been taken care of. Drunk me is responsible like that.

I would do this too, ha. $1000 is not a big amount and if you can pay $700 of it then you just have the small balance left. I don't think it's a big deal. It IS unusual that you have a secret credit card. Can you not buy what you want/need in plain sight of your husband?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So I must have miscalculated something and got an alert from mint today that my intro 0% interest rate on a credit card ended on March 1st. I had it in my mind that it was 18 months and apparently it was 12. So basically I have to pay $1000 by the due date in 5 days or will have to pay almost 24% interest. first of all 24%? I have almost an 800 credit score so how is this amount based on "credit worthiness"? Obviously I have to pay it but I work part time and don't have an extra $1000. As a family we do but I really don't want to tell my husband as he doesn't even know I have this card and he would be extremely disappointed. here are my options:
1. Tell my husband. he will 100% pay it off but he will be upset.
2. I can pay about $700 of it by the due date and then I'd just have to deal with the finance charge for 1 month but I would absolutely be able to get it done by the next due date.

Thoughts? I know in the grand scheme the ~$250 is not a huge deal but seriously that rate in obnoxiously high.

If I didn't tell my husband about the card upfront, I'd go with option two. Then when I got drunk a year later, I'd tell him the whole story and say it's been taken care of. Drunk me is responsible like that.

I would do this too, ha. $1000 is not a big amount and if you can pay $700 of it then you just have the small balance left. I don't think it's a big deal. It IS unusual that you have a secret credit card. Can you not buy what you want/need in plain sight of your husband?

+1

[Anonymous]

Anonymous wrote:

My husband and I are actually extremely close, we have been married for 5 years but together for 12. We have two young children. He makes a shit ton of money and I make pennies comparatively. I got my own credit card because every credit card we have is in his name and I just wanted my own. I wanted something that was just mine. That's all.

But yes I will tell him. Can't wait for this conversation!

He makes a shit ton of money and you "wanted something that was just mine" and you are "extremely close". Got it.

This whole situation is so strange. OP also sounds like a 15 year old..or a troll maybe.

[Anonymous]

Anonymous wrote:The interest is going to be on the past 12 months, not on the $300 left. Tell your husband or be okay with the extra $240 or so that you're going to be paying.

It depends. What you are discussing is known as a "deferred rate" and it is much different than an "introductory rate."

[Anonymous]

I would call them and ask for another month. I would pay as much as you can now. I would then pay the balance next month in full to completely pay it off and consider it a lesson learned.