Need your advice!!

[Anonymous]

Hello all, I found a car for 27k +tax and fees

im approved for a 20k loan at 2.99apr

i have 7k cash putting me at 27k now I need about 3k more for the tax and fees

would it be wise to charge that to my chase freedom card? I have zero interest for one year and I just got it a month ago.

it has a SL of 4.5k

i make 45k/yr so I'm sure I can pay off that card fast. Just wanted to see what you guys thought about that idea.

[EddieK]

If the dealership will allow you to put it on the Freedom, why not.  As long as you're not planning to apply for any other credit product while you have higher utilization, I see no downside as long as you pay it off before the no interest promo period ends.

[Anonymous]

True, same thing I was thinking.

im not planning on any credit cards soon.