this was just covered at GRS, kind of... but im in a different scenario then J.D. was.
i owe a few grand on a credit card, after calling amex to get a courtesy lower rate since ive been with them for several years, have never missed a payment and use the card often (5% cash back for gas, etc.), i figured it was worth a shot, ive done this sort of thing in the past. they dropped the rate w/out a fight, but only from 15% to 12.5%. what pissed me off is that weekly, sometimes more often, i get pre-approved credit card apps from amex to apply for a 0% balance transfer and rate for a year. the csr said she could do nothing, so i took the drop and went along my way.
later that night i applied for the platinum discover card w/ 0% balance transfer for a year, got approved and they moved all but a few hundred to it. now im not paying a cent of intrest on the balance until march 2008.
ive had and add to an ING savings account for a few years now, currently earning 4.5%
so... do i just not contribute as much as i normally would to ING and sleep better at night knowing im not in debt (other then my mortgage - i own my car and motorcycle outright), or so i make a few extra dollars w/ ING and stretch the credit card payments out for 10-11 months since im not paying intrest on them anyway?