I got an email today telling me that my balance transfer is complete! I checked the card's websites and it's true - the Amex is now at $2363.59 and the AT&T has $5100 at 0%. Although I know it's not really paid off, I am so excited to see the Amex drop like that. That card used to have 29.99% interest. Twenty nine point nine nine! Are you kidding me?? It currently has 16.99%, which is a big difference, but still awful. It's the highest interest rate we have. Getting rid of $5100 at 16.99% is going to save us some cash.
The interest-ing thing (sorry, I couldn't resist the bad pun) is that both cards have no minimum payment for November. I guess if you think about it, it makes sense. The Amex counts the transfer as a payment, so the minimum has been satisfied - and then some! The AT&T 0% card has already passed its billing cycle for the November payment. This is great, I can apply the money that would have gone to AT&T to the Amex instead and kick it fast. I can't wait to see it gone!