The SBP Archives - Your less than frequent dose of SBP!

I shouldn't shill a credit card, but this deal is too good to pass up. See, ever since that big TV idea entered into my head, I've looked at different lines of credit to apply for since I was planning to do monthly payments. The frustrating thing is that, even though I have an impeccable credit rating and carry my mortage, car payments and otherwise all my banking with TD, their line of credit rate they offered was prime + 5%. Hey, thanks for nothing. When my mortage runs out I'll be going elsewhere.

Anyway, that whole "hands in my pocket" song stuck in my head, so today I decided to check out what they offered. And it's pretty sweet: a credit card with a rate prime + 1% and it isn't an introductory rate. And no annual fee, either. So why would I mess around with a TD line of credit?

There is only one more $250 payment left to make on my current Mastercard and that will officially bring my both my credit cards to a zero balance. I will then cut them up and start using Capital One.