When I was running the numbers for my update post, I realized something. The two credit cards we have remaining are both in my name only. So technically, on paper, my husband no longer has any credit card debt.
We didn’t really plan for this to happen, and it’s all my doing anyway. He doesn’t deal with the day-to-day finances or payment plan, and I devised it based solely on interest rates. When I opened our 0% Citibank card last fall, I used my name only because it was easier, and the money transferred was from the one card that is in his name only. So now that the Discover card is paid off, he has no more credit card debt.
His interest rates were only a few points higher than mine, and that’s most likely due to his student loans, which are 3 times larger than mine are. That and my obsession with calling my cards and negotiating lower interest rates, which he does not share.
Now my husband has a head start on me in improving his credit score, which is going to come in handy pretty soon…