No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I financed from amazon store card for 6 months worth $448 from my $1000 limit. But i already paid $100 this month, but planning to pay it off within next 2 months. But i'm worried if i won't pay it off now this month it will be considered carry balance? and they will still report it to CRA right as carried balance?
If I'm reading the correctly, since you already made a 100 dollar payment, you'll be a little over 30%...No biggie! I purchased my daughter a 1,000 bedroom set from amazon, my limit was only 2,000 at the time. My scores decreased some, but went up rather quickly once I paid down the balance.
@Anonymous wrote:If I'm reading the correctly, since you already made a 100 dollar payment, you'll be a little over 30%...No biggie! I purchased my daughter a 1,000 bedroom set from amazon, my limit was only 2,000 at the time. My scores decreased some, but went up rather quickly once I paid down the balance.
is that how financing work? you just need to pay down the balance even if it is a carried balance?
Its suggested that 30% and lower is ideal. However your not going to be carrying a balance for months on end. Amazon offers some great financing options, take advantage of it. The 1,000 I financed in October now has a balance 300. There was no AA!
FYI: make sure its paid before the promotional financing ends!
I see, yeah i will pay it off next month.
Dont worry, I have finananced a bunch of stuff with amazon and their 6-12 0% and have grown my limit from 600 to 3500 in under 2 years. I have also been way over the 30% mark, while I dont recommend it I received two of my auto increases very close to the limit.
CRA dont rememeber uti once its payed scores go back up.