Thursday, January 23, 2020

A Talk with our Banker


   Jeff and I stopped in at the Credit Union today to have a talk with our banker about making some changes to one of our accounts.  While there we found out the interest rate on our credit card had gone up.  That was an eye opener for us.  

   Our super helpful and nice banker went over all our options to do something else at a lower rate, which would also pay off the higher interest rate card.  The option we went with was a line of credit that we could access if and when needed for things like Jeff's possible upcoming surgery.  We would be saving a little over 3% in interest rates going this route.  The monthly minimum payment is also lower, so if we get in a bind, we can still make it easily.  Our plan though, as always, is to pay higher amounts on it so that it is paid off earlier.  We also were able to save over $75 a month in a insurance fee that we had been paying on the credit card.  

   Our application was put in and we should be hearing back tomorrow on it.  Our banker seems to think that we should not have a problem at all being approved for it given our great credit and history of no late payments.  This is really going to help us in the long run and we are so thankful we decided to stop in today to talk to them.  Tomorrow we also are making further changes to reduce our costs in other areas.  Stay tuned!


  1. Sending a hug your way. May it all work out. God bless,

  2. Awesome! I am always amazed that I can find more ways to reduce costs or payments like utilities. Take care.

  3. I hope you got the approval without any problems, Debbie. That was a good move to talk with the banker and switch from a higher interest credit card. :)


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