Re: Best way to make a "cash only" purchase with a credit card?
11-01-2012 10:30 AM
Honestly, it's more about being able to float the balance at 0% for a couple of months. The rewards are just a bonus.
if it's for a "couple" months the intrests are very minimal
Even at 29% interest rate on $1,000 your paying $24 intrest a month (2.42% monthly intrest)
That's assuming your credit card got a default rate due to a missed payment history. Most people should be paying less than $20 in intrest a month, especially if you qualified for a rewards card you should be alright. of course points are huge bonuses. but if you want to charge it on your card, get a serve card, transfer the funds to serve, and take it out yourself and then spend the $1,000 in cash. This way the amount is all on your credit card, I think serve is waiving all the credit card transfer costs til march.
total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758