topic Re: large bill in Credit Cards

large bill

Anonymous — Mon, 28 Nov 2016 02:12:58 GMT

I am looking for suggestions on how to pay about 4k in unexpected bills-

use my care credit financing options
use my citibank double cash
open a new credit card for sign up bonus - I am over 5/24
other options?

My scores are all above 780 but I won't qualify for CRS until 11/17. Any ideas help, thanks!

Re: large bill

azguy13 — Mon, 28 Nov 2016 02:17:03 GMT

Since you are over 5/24 I would say go for any 0% APR that is not Chase. With scores like that I have to assume your Utilization is relatively low and you have a semi-thick report. If you have to put it on credit, may as well make it 0%

Re: large bill

Anonymous — Mon, 28 Nov 2016 02:33:26 GMT

NFCU Go Rewards!

Re: large bill

joltdude — Mon, 28 Nov 2016 03:37:28 GMT

Have you checked IN your account for an offer for CSR?

There are ways to get a CSR if your willing to do some footwork and have a little luck....

(If thats what you want)

-J

Re: large bill

happypill — Mon, 28 Nov 2016 18:56:02 GMT

Depends on if you plan to pay off the $4k right away and if not, how long it will take you to pay it off.

If you can pay it off right away, you can get a minimum of $400-500 in rewards really easily with $4k spend. I'm thinking Arrival+, Venture, Alliant CU (and many others). Straight cash back or statement credit, no hassle with points or miles or anything. Just take the cash and run.

If you need to carry a balance for a while, then a 0% deal might make more sense. It's simple math really. If you get a new rewards card with say, 12% APR, your annual interest would be $480 (not amortizing as it's paid), or $40 per month in interest on your $4k debt. If you can pay it off in, let's say 6 months, then your interest expense at 12% would be $240, so in this case it would make more sense to get the $400-500 in rewards. If you need to carry the $4k for a year or more, then the 0% would make more sense.

Re: large bill

Anonymous — Mon, 28 Nov 2016 23:07:59 GMT

You guys are the best! Thanks so much for all the replies and advice.

It looks like I have an offer for the CSP in the chase portal May try one more time in branch for the CRS prequal before I pull the trigger..

Re: large bill

CreditCuriosity — Mon, 28 Nov 2016 23:26:53 GMT

@Anonymous wrote:
You guys are the best! Thanks so much for all the replies and advice.

It looks like I have an offer for the CSP in the chase portal May try one more time in branch for the CRS prequal before I pull the trigger..

CSR isnt offered online through pre-qual tool yet.. If you have a chase branch near you go into that and ask if you a pre-qualified for any card and hopefully they will say the CSR

Re: large bill

Anonymous — Tue, 29 Nov 2016 00:05:25 GMT

@Anonymous wrote:
You guys are the best! Thanks so much for all the replies and advice.

It looks like I have an offer for the CSP in the chase portal May try one more time in branch for the CRS prequal before I pull the trigger..

Good luck!