Those credit cards are at 0% until when? What will they rocket up to after the 0% grace period ends? 25%?
How many months will it take to take those CCs to zero?
Ditto for the HELOC?
Depending on the answers, you might want to hammer those CCs first, or hit the HELOC for some months, then switch over to the CCs in time to pay them off before the interest kicks in.
Oh, do you have to pay back interest if the CCs aren't at zero by the end of the grace period?
Credit cards are interest free through at least bonus time next year, when this will all likely become academic.
One is a Best Buy promotional rate through April 2018. Interest would be 18.74% on the full balance with deferred interest of roughly $1,000. We will never get to that point, though since I'll adjust to pay the balance off to avoid that deferred interest.
The second is a US Bank credit card, that as far as I can tell, has never charged us interest. The statement lists the interest rate for purchases at 0.00% and it is not a promotional rate. A bit of a Pandora's box since it might be a mistake, so maybe I'll just wait for the other shoe to drop. For the moment, I am treating it for what it is - a 0.00% rate.
Neither card will further purchases. We have never drawn on the HELOC except for the 2nd mortgage and don't plan to. All future house renovations, etc will be cash flow transactions.
Would take approximately 3 months each to pay off the credits cards, and about 26 months to pay off the HELOC, assuming the status quo on the snowball amount.
It's also possible that the HELOC could be killed in March with annual bonus and/or RSU proceeds.