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10k limit platinum visa...emergency charge now!

tag
clocktick
Valued Contributor

Re: 10k limit platinum visa...emergency charge now!

I just did this, put $6500 on a 3% (balance transfer) card instead of using my cash for it.  Not everyone would do it but it's up to you.  I like the idea of paying it over time and know that I'm disciplined enough to do so before the offer ends. 

 

Edited to add:  it was a 3% fee to do it, 0% interest until Oct. 2012.

11/30/08 TU 648 EX 672 EQ 656 SEPT 2014 TU 787 EX 789 EQ ???
Amex BCP $24.1K/Clear $8.5- Sallie Mae $27.5 -Cap One QS $7.5 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940 HD $1701- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




Starting Score: 648
Current Score: 736
Goal Score: 765


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Message 11 of 12
Anonymous
Not applicable

Re: 10k limit platinum visa...emergency charge now!

Hi 330xi,

 

You're right - I see from your OP that you're not maxed out and will have it down to 50% within the first month's payment - or thereabouts.  You may see a FICO ding for 50% utilization on one card, but if you do that'll be gone within - it looks like - a few months.

 

Looks like you have a good plan that you are comfortable with.  It's so great when folks think through their finance decisions.  And it's always great to run it past a few like minded individuals - helps you settle on what's best for you.

 

And hope everything goes perfect for you medically - wishing you the very best!  

Message 12 of 12
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