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Is it bad idea to apply new credit card before car loan

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kaysss
New Member

Is it bad idea to apply new credit card before car loan

Hi

   I m thinking apply new card for balance transfer  before new car loan ,is it bad idea?

Message 1 of 5
4 REPLIES 4
myjourney
Super Contributor

Re: Is it bad idea to apply new credit card before car loan


@kaysss wrote:

Hi

   I m thinking apply new card for balance transfer  before new car loan ,is it bad idea?


Get the car loan first so that you can get the best rates 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 5
kaysss
New Member

Re: Is it bad idea to apply new credit card before car loan

thank you very much

Message 3 of 5
coolerscouter
Member

Re: Is it bad idea to apply new credit card before car loan

If you're looking for any sort of loan, it is generally advised to avoid applying for any other credit for at least 6 months before the loan.

Once you get the loan, go crazy.

Message 4 of 5
myjourney
Super Contributor

Re: Is it bad idea to apply new credit card before car loan


@kaysss wrote:

thank you very much


Your very welcome

Hope you get the car of your dreams Smiley Wink

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 5 of 5
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