To Balance transfer or not?

[elessar78]

After making this month's payment I have $6K left on my Amex. The balance has a tiered interest rate of 3.99% for the original balance transfer of $3674 and 11.24% for subsequent purchases ($2,458). Dang Nazis make apply my payments to the lower rate first!

Wondering if I should try to find a lower interest rate card to transfer the balance to, or just "tough it out" on the AMEX? The math says I should and I have excellent credit and am great about paying bills on time.

The reason I hesitate to transfer is because I feel that I'd be just playing this balance transfer game and maybe the high rate on my current card is motivation to pay it off faster. Is this an irrational mindset?

My goal is to have this paid off by the end of the year. So I'm looking at between $220–$400 in finance charges. Thanks for the advice.

[EconoMutt]

Since your goal is to have it paid by year's end, I think I'd just tough it out.
I don't think it's worth the hassle of opening another card.

[lovcom]

Yea, you're so close to month-end...just tough it out and make bigger pmts if you can....you're almost there!! :-)

[elessar78]

Thanks. I'll just keep things simple and stick it out. Also, what's "burning" me right now is that I can probably pay all of it off tomorrow, but my wife is pregnant and we're just stockpiling cash until the baby is born and both mom and baby are safe and healthy. Thanks for the advice!