In this article, the author shares a personal journey of managing credit card debt after their partner expanded his graphic design business to include screen-printing services. Initially, the partner accrued a $10,000 balance on a business credit card, which posed a challenge for their fledgling business. The author, who previously held a negative view of debt, learned to embrace a more strategic approach to managing it. They discovered the benefits of balance transfer credit cards, which offer an interest-free introductory period that can help control and pay down debt more effectively. After researching options, they chose the Citi Simplicity Card, which provided a 21-month interest-free period. By splitting the debt between two cards and committing to a repayment schedule, they successfully paid off one card in August and are on track to pay off the second by May, all without incurring interest. This experience transformed their perspective on debt management.
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