where can I find a good 0%?

[jgodfrey82]

So I am caught in horrible timing right now.. just a few days ago I was still excited about new accounts with plenty of CL at nfcu. Then last night I came to realize I need a new roof on my house, 8-10k and the insurance companies here in Florida are going to keep raising rates until its done. Up $1100 for my December renewal.

I could put it on my new nfcu plat or write a navcheck.. but it will take at least a year or possibly two to pay off and those are at 12.9 and 15.9, too high to carry the balance that long.

I am in the 700's with 3yr8m aaoa and 20% util but up to 8 inq per. I dont have any cards at 0%. Should I app for a 0% card? Should I talk to nfcu for a heloc? Should I just bite the bullet and pay the interest? Anyone know other options? Maybe home depot? I heard their roof prices were high, but maybe their financing offsets?

Thanks for any suggestions!

I will be saving 1000 or more a year in insurance by doing the job, I just didn't want to go through all the doc requirements of a heloc since I am self employed.

[mountainmom]

Lowes has a 5.99% for 7 years if your purchase is over I think 3500. You have to ask for that.

Otherwise the are several cards that have like 15 months. Amex Blue Cash was one.

[jgodfrey82]

I wonder how lowes roofing contractors are.. thank you will look into it.

[enharu]

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@jgodfrey82 wrote:
So I am caught in horrible timing right now.. just a few days ago I was still excited about new accounts with plenty of CL at nfcu. Then last night I came to realize I need a new roof on my house, 8-10k and the insurance companies here in Florida are going to keep raising rates until its done. Up $1100 for my December renewal.

I could put it on my new nfcu plat or write a navcheck.. but it will take at least a year or possibly two to pay off and those are at 12.9 and 15.9, too high to carry the balance that long.

I am in the 700's with 3yr8m aaoa and 20% util but up to 8 inq per. I dont have any cards at 0%. Should I app for a 0% card? Should I talk to nfcu for a heloc? Should I just bite the bullet and pay the interest? Anyone know other options? Maybe home depot? I heard their roof prices were high, but maybe their financing offsets?

Thanks for any suggestions!

I will be saving 1000 or more a year in insurance by doing the job, I just didn't want to go through all the doc requirements of a heloc since I am self employed.

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What is your average CL and income?

You could check out stores that offer financing (such as those backed by GE), or you can apply for a credit card with a 0% promo outright. However, you may not get the CL you want. 

[mountainmom]

Oh you know what else? If you wait until a holiday both hd and lowes run 18 to 24 months 0 percent. But the downside to those is of course if you don't pay off in time you get Back interest. A major issuer would just revert to the normal rate.

I think chase has 0% for like 15 months too when I checked the freedom and slate.

[mountainmom]

You're welcome. Hubby works at lowes and said they do offer roof installation. We had them install a fence on the 7 year offer and are happy. I wanted more time to pay it off. Ge is also very generous with credit limits. I was able to get 7500 when I first got the card by calling back door. They are my highest card. Before that it was 5000 with my credit union.

[jgodfrey82]

My avg CL is probably 5k, a couple 6k, a 20k, 15k navcheck.. . I think 0 for 18 or 24 mths would work great. I just heard getting a roof done from a retail store really raises the price. I have a couple quotes coming in, so I will just have to compare. I could always use the 0% up then write a navcheck when I get down to it if there is still a balance to avoid back interest. Thank you.

[jgodfrey82]

GE has a regluar visa or mc with 0% or they back lowes and HD? I have several GE backed accounts and always been happy. . Paypal sc, carcare and carecredit

[mountainmom]

Ge backs lowes.

I don't know about roofs.. but we had 4 bids for the fence and lowes was the most competitive even before Hubby's discount.

[mountainmom]

Hd is backed by citi. I have them too for 7k (but don't tell lowes we sometimes shop at hd lol)