Today is a feel good day. The last remaining credit card I have with a balance has been set to “pay in full” as of next month.

Come the 9th November I will be credit card debt free!

The little checkbox on my online account will never again move from the “pay in full” position it is now sitting at.

I vow, here and now, to myself and the millions upon millions of people who have Internet access, I will never ever ever pay another penny in credit card interest.

Ever.

Thank you Barclaycard for the balance transfer you gave me in January, and I am sorry I didn’t fall for more than one of your entrapment methods along the way. When I took out the card in January I was duped into purchasing Card Protection that basically covers fraud, loss, holiday cash advances if you get stuck and so on. Live and learn.

I didn’t fall for your 0% interest on purchases that only lasted for the first 3 months. I didn’t fall for your balance transfer cheques you sent me (twice!). I didn’t fall for the 0% ‘deal’ you offered me at month 6 for 0% on just one month of purchases (that would have cost me a fortune unless I had paid off the entire balance afterward – nuking the 0% transfer in the process).

Nice try, but you will have to be content with the £8 of interest you have earned from me. It is the only interest you will ever earn from me, so do not spend it all at once. Can I suggest you put it into a savings account?

Compound interest is your friend!

• Beware The Balance Transfer Cheque
• 5 Things I Will Do When Debt Free
• LoveFilm Free for 30 Days AND a £10 Homebase Voucher
• My Financial Meltdown: Part 3
• Savings Roundup - September 2009

• Seven Lessons I've Learned While Being In Debt As a Young Adult
• Should I Walk Away from My Mortgage?
• What kind of snowball do you want?
• What Determines a Credit Score pt 1
• Sunday Money Madness - Blog Action Day Edition