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Getting out from under the burden of Wayfair card (Comenity)

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Frequent Contributor

Getting out from under the burden of Wayfair card (Comenity)

So 11 months ago I bought a new home.  of course, once you buy the house, you have to furnish it.  So I applied for the Wayfair card through comenity.  All the stuff I bought did not have the incentives and every time I would pay the monthly bill it was just killing me see such a high-interest rate.  Anyway, I received a letter from Discover offering different balance transfer solutions.  I went ahead and took one of the options and for the next 18 months, now I can get this paid off without the crazy interest rate.    I know that I just shifted debt from one place to another, but the new place is %0 Smiley Happy

 

 





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5 REPLIES 5
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Community Leader
Senior Contributor

Re: Getting out from under the burden of Wayfair card (Comenity)

The new place is great! Discover is awesome. Congrats!
Discover It: 19.7k
Amex ED: 18k
Citi DC: 7.7k
Best Buy Visa: 3k
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Once you go Berner, you never go back.
Message 2 of 6
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Community Leader
Super Contributor

Re: Getting out from under the burden of Wayfair card (Comenity)


@avp99 wrote:

So 11 months ago I bought a new home.  of course, once you buy the house, you have to furnish it.  So I applied for the Wayfair card through comenity.  All the stuff I bought did not have the incentives and every time I would pay the monthly bill it was just killing me see such a high-interest rate.  Anyway, I received a letter from Discover offering different balance transfer solutions.  I went ahead and took one of the options and for the next 18 months, now I can get this paid off without the crazy interest rate.    I know that I just shifted debt from one place to another, but the new place is %0 Smiley Happy

 

 


Oh but now you can breathe. Smiley Wink That's the way to do it!


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DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 3 of 6
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Community Leader
Mega Contributor

Re: Getting out from under the burden of Wayfair card (Comenity)

Comenity cards can be excellent but they are usually best to pif as their aprs are ridonkulousSmiley Wink
Message 4 of 6
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Super Contributor

Re: Getting out from under the burden of Wayfair card (Comenity)

Congratulations on the 0% card, and getting away from the high interest! 



Last HP 09-14-2020



Message 5 of 6
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Regular Contributor

Re: Getting out from under the burden of Wayfair card (Comenity)

Nice move!!! Congratulations there!!!

Message 6 of 6
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