Best Option for Furniture Purchase?

[lonelyisland]

I think I am going to need to buy about $1000-$1200 in furniture and want to figure out the best way.

Are there any "warnings" against taking in-store financing?  Was looking at American Signature Furniture / Value City Furniture specifically - which I think is a comenity card. I am wondering if they only give a CL to the amount of furniture purchased (making my UTIL start at 100% - not ideal)

I do have an unused  $4800 Macys Furniture Credit Line, so I could use that. 

I could also put it on a card I already own but would like to leave those as low as possible while I pay off BT / old balance (Totalling about $3500)

Any thoughts / advice would be appreciated!

[Iamien]

You have a a $3500 balance and are looking to spend $1200 to presumably carry as a balance on another card.

Since you are looking to carry a balance the winner is whatever interest rate is lower.  If store gives you 0% for 6/12 months take it. It makes no sense to pay more in interest in order to save a few credit points.

[jd352]

My thought process is that the purpose of having good credit is to use it when you need it. If it makes sense to open a new account to avoid paying interest, go for it. But, make sure you have the means to pay it while paying your balance transfer debts. You could also attempt to open up a new card with a 0% offer for 12+ months. That way, you actually have a usable revolving card in the future after the furniture is paid off.

[lonelyisland]

Thanks!

I really wish I could just find a furn store that would do a loan. That would be awesome