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Temptation

April 5th, 2013 at 12:43 pm

I got an offer from Discover yesterday.

I picked up a Discover card a year ago January. It's one of the cards I used for a 0.0% balance transfer. I transferred (I think) $2,700, and had it paid off by time the promo period was up. I've also used the card along the way, mainly for gasoline purchases, but also groceries and an occasional dinner out. I've paid each new purchase off every month, and haven't paid any interest on this card. And, it's a rewards card.

So, the offer yesterday was for a "personal loan" of up to 25K at 7.99% APR. They even had a set of nifty tables that detailed my expected monthly payment at varying loan amounts and payoff periods.

There was that fleeting moment when I thought about how we could borrow "just" 4K, and get that porch built this month or next, and my payment would be "just" $125 per month for three years. That sure would be nice. And easy.

Thankfully that thought lasted just a moment, and it passed as quickly as it came. And, I threw the letter away!

2 Responses to “Temptation”

  1. creditcardfree Says:

    Great job not giving into the marketing gimmicks of a credit card!

  2. freeme journey Says:

    Whoa don't we all know that feeling!!! It's sooo... easy to get back to that way of thinking Smile

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