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The guy who gets his card with 15 months 0 percent, buys new living room furniture and uses the 0 percent to pay it down is far less risky than the guy carrying a balance because he cant pay off his 5 dollar charges for downloads on the playstation and 17 dollar 7 eleven purchase. At least that would be my risk analysis. Maybe guy number 2 will pay more down in the months when redbull is on sale tho.
@Tszone wrote:I just made a big purchase with my Freedom card yesterday, but also use it for groceries. Made the purchase right afer 1st statement cut. I plan on paying my regular spending and adding additional to pay down the big purchase every month. I also was approved for the CSP this month, but have not received the card yet.
+1, what I did with Amex, and can do later for another purchase, while setting that extra in savings.
@Anonymous wrote:
One large purchase not paid in full but in installments if you will can seem less risky than many small everyday purchases being carried over. Repayment ability may be called into question.
Maybe. Do the two pose different thresholds in absolute dollar amounts? Will the credit card company shut you down at $2000 for accumulated coffees, while allowing a single purchase of $5000?
Paying the minimun on a large purchase, wont help you pay it all in 15 months.
@Anonymous wrote:Paying the minimun on a large purchase, wont help you pay it all in 15 months.
As a matter of fact it will. It will lower the balance by 15% or so.