I hardly use my BoFA card these days and don't use my Citi card much either. The debts on these cards were accrued back when I thought it was "convenient." Perhaps I'm fortunate that I'm not much of an impulse buyer and for the most part am pretty conservative with my spending, so my combined debt isn't astronomical and can be paid off now if I wanted to. The thing is that I'm not too keen on getting a big chunk out of my checking--I like seeing a big balance in my monthly statement. But I suppose the smart thing is to pay off the debt in one swell swoop and be done. I would be saving around $160 monthly in interests that I'm paying to both banks. My plan is to make bigger monthly payments.

This is my first time to transfer a balance, BoFA and City have been sending me junk mail with "blank checks" to transfer money with 0% interest for x months. I think with this Simplicity card I may as well give it a go, but it's something I've put some thought in first. I intend to make this work and save some money. Soon I just want my paycheck to go to rent, bills, student loan (which has a consistent monthly payment), and have more go to my checking/savings.