Budget Freak

My experiment with earning free money from 0% balance transfers is going just fine. I got my first interest payout a couple weeks ago, $26 for about a week and a half’s worth of interest. Right on target with what I expected. I paid my first monthly minimum payment on the Citi Premier card this week. I linked my credit card to my checking account, so it transfers the money electronically. I also decided to make the payments from another checking account, not the account the 0% money is in. My reasoning being the more money is in the high interest account, the more money it will make. The minimum payment was $102 for the balance of $6,800, or 1.5% of the balance. I also just recieved my first statement for the Citi Professional card, with a minimum payment of $150, for a $10,000 balance. Who knew you could borrow $16,800 for a mere $252 per month?!?! I’m expecting my next interest payout to be around $70 on the 26th, so stay tuned.

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