07-20-2009 04:47 PM
I'm going to purchase some tires from Discount Tire. Very credit conscious of me, thinking whether I should apply for it to build some more different type of credit. I was going to pay it with my AMEX card, but thinking it might be a good idea to apply for it to add into my credit mix, but of course I'm not sure hence I am here asking for advice. Once I'm done paying, would it consider as $0 revolving balance that would hurt my credit or what?
Thanks for any advice here!
07-20-2009 04:51 PM
Depends...where are your scores from? You're showing recent EX scores & you can't buy those. But you can buy TU FICO's but yours say FAKO ??
Either way...scores in the 7's are good. Do you need another TL??
07-20-2009 04:55 PM
07-20-2009 06:44 PM - edited 07-20-2009 06:47 PM
This is a GEMB product and pretty much only usable at Discount Tire from what I can tell. If you are going to PIF I would say don't bother - the 12 month intro offers are pretty much crap. However, if you are going to carry a balance and can make sure use of the CC is not going to effect the price you are going to pay (get a price before you mention "credit" ) then you get the below and that may be very useful:
Pay Zero Interest if Paid Within 90 Days, 6, or 12 Months
Of course if you don't pay your purchase off in time you have shot yourself in the foot badly as you will then be billed interest from day one at 21.98%. That you do not want to do!
I suspect this credit is relatively easy to get.