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Less Debt Because of Snowflakes

January 12th, 2015 at 06:51 pm

I have accumulated another $64.73 in snowflakes (extra money). And I made sure to get them sent off to a credit (0% interest) card so our debt will go down.

We have two credit cards that we are running balances on. I'm stubborn about not wanting to use our savings I guess. I have the money to pay them in full. It is just nice to have 0% interest and not have to dip in to other cash.

I sent the above snowflakes to our Wells Fargo Amex. It had a $700 balance. With the payment deducted, we owe $635.27. Less debt! And paid with snowflakes!!

The other credit card we have a balance on is our Citi Thank You Preferred. It has a balance of $661.27.

I plan to pay off the Wells Fargo Amex first so that we can close it. It also has a hefty annual fee after the first year, so we don't want to be hit with that!

While I was checking balances I decide to redeem 2,500 Citi Thank You points for a $25 Panera gift card. I figure it is good for a family lunch or night out. I will match debt reduction or savings when we use it.

Have you redeemed any credit card rewards this month? Did you pay off some debt, or accumulated any snowflakes?

3 Responses to “Less Debt Because of Snowflakes”

  1. FrugalTexan75 Says:

    No recent snowflakes.

    The Panera's card sounds like a good use of points. Nice meal out.

  2. scottish girl Says:

    Some snowflakes here.
    I just googled Panera, is it Panera Bread? Their pasta dishes look good.

  3. creditcardfree Says:

    @scottishgirl, yes Panera Bread. Love everything they have!!

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