Established Contributor
Posts: 598
Registered: ‎07-24-2012
Re: Best way to make a "cash only" purchase with a credit card?

Autumnslight wrote:

Honestly, it's more about being able to float the balance at 0% for a couple of months. The rewards are just a bonus.

So basically then, you want to spend $1000 of cash you don't have right now?


That's your choice, but I just want to point out that spending behavior like this is the reason many myFICO forumites are here rebuilding their credit. Be careful out there!

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12), Total CL $1k on 2 TLs
Current: EQ 687 (CCT 9/2/15), EX 723 (CCT 9/12/15) , TU 703 (CCT 9/2/15), Total CL $99.3k on 13 TLs Goal: 740+ x3
My Wallet: Amex BCP $30k, Chase United Explorer $16k, Barclaycard Ring MC $12.5k, Chase CSP VS $12.2k, Discover it $10.5k, Amex Zync NPSL (> 10k), C1 Venture VS $6.5k, Amex SPG $4.5k, Chase Slate $3.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Citi BestBuy $500
My Loans: Prosper $25k/36mo, Prosper $17k/36mo
My Business: Chase Ink VS $5k