>So I was notified that my credit card company was defunct: www.nextcard.com

I was given the news by a friendly little notice from the FDIC in my mailbox. It stated the bank had failed, that nextcard was actually just a 3rd party to deal with the customers, and that the FDIC attempted to get someone to buy the accounts — to no avail. They said my credit rating would not be effected, and I was responsible for the remaining balance on my card.

They said the card would be invalid as of July 10th, when I went to sleep I was thinking:: it’s still July 9th… 11:50pm, why not use that extra credit, I’d be losing that credit line of that card… my hard-earned credit line. Also: I’ve had 3 or 4 offers for 0% APR for 1 year on balance xfers in the past week alone. I did what any responsible card holder would do — I went on a binge to use my extra credit in under 10 minutes. 5 games and a new monitor later… (I got in just under the wire for the monitor) I’m oddly amused, and waiting in anticipation of XBox gaming fun. =]

I then signed up for a new card and set to xfer the balance, interest free for a year.

Irresponsible: maybe

Lucrative: not really

Vengeful: huh?

fun: yeaaaaaaah =)

If I didn’t have another credit card I’d be worried. I don’t use it all the time, but it’s nice to have the little bit of extra flex. It’s better then paying full price for something when you get around to having the money. (Deals wait for no man) I need 2 anyhow, so I’ll sign up for another one and be able to pay off a big bill in very little time. My only qualm was that I should have thought more carefully and went for the DVD burner, maybe another hard drive… but hey, I only had about 5 minutes =}