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Large Christmas Purchases- Do or Don't?

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Valued Contributor

Large Christmas Purchases- Do or Don't?

I have a few spend questions about using my our cards for large purchases while continuing to use them for our usual spend.  Since we PIF it will look out of place, I'd like to put everyone's vacation packages on credit cards for various reasons but am concerned this will freak out ccc's and take AA.

 

Do ccc's expect to see you using your cards, running up the balances to 30%, 40% and maybe even 50% during the Christmas Holiday season?  Are there certain Holiday Spend issues that would freak out ccc's?

 

What are the Do's and Don'ts?

"MY TAKE HOME PAY WON'T TAKE ME HOME"
Personal Credit:
Savor $5.5k/ GoodSamsVS $9k/ BB&T Spectrum VS $10.5k/ BB&T Bright VS $10.5k/
CareCredit $15k/ Synovus loc $75k /CB loc $20k/ + AU accts via DH
Biz Credit:
Amex Lowe's Rewards $21k/ Amazon Net55 $7.9k/
StaplesMore $1k/ Amex Amazon Biz $10k/ +AU accts via DH plus local vendors

(Oldest Acct: 1998; Youngest Acct: Nov 2019)
Message 1 of 37
36 REPLIES 36
Frequent Contributor

Re: Large Christmas Purchases- Do or Don't?

Are you going to PIF after the purchases or carry a balance?
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 2 of 37
Community Leader
Super Contributor

Re: Large Christmas Purchases- Do or Don't?

I'm probably different from you but I'd just use it as normal and if that means showing credit card activity that is not normal just remember the credit line they provided for you is there for a reason as long as it's used responsibly

 

They probably expect purchases, they may even expect some customers to carry the balance for X number of months. As the new year means possible bonuses from work, tax season and hopefully means people will use their money to pay their credit cards off. The only real way I can see AA is if it's on multiple cards with no headway into bringing down the balance over a period of months. But again that's just me maybe someone else can chime in on similar experiences like the one you're proposing

Message 3 of 37
Super Contributor

Re: Large Christmas Purchases- Do or Don't?


@simplynoir wrote:

I'm probably different from you but I'd just use it as normal and if that means showing credit card activity that is not normal just remember the credit line they provided for you is there for a reason as long as it's used responsibly

 

They probably expect purchases, they may even expect some customers to carry the balance for X number of months. As the new year means possible bonuses from work, tax season and hopefully means people will use their money to pay their credit cards off. The only real way I can see AA is if it's on multiple cards with no headway into bringing down the balance over a period of months. But again that's just me maybe someone else can chime in on similar experiences like the one you're proposing


^ exactly this. 

If you have lenders take AA for you using your cards, you should ditch those cards. 



01/2019:
12/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 4 of 37
Valued Contributor

Re: Large Christmas Purchases- Do or Don't?


@CreditSweeper wrote:
Are you going to PIF after the purchases or carry a balance?

We will PIF.  Wanted to use the cards in case of weather messing their trips up.

"MY TAKE HOME PAY WON'T TAKE ME HOME"
Personal Credit:
Savor $5.5k/ GoodSamsVS $9k/ BB&T Spectrum VS $10.5k/ BB&T Bright VS $10.5k/
CareCredit $15k/ Synovus loc $75k /CB loc $20k/ + AU accts via DH
Biz Credit:
Amex Lowe's Rewards $21k/ Amazon Net55 $7.9k/
StaplesMore $1k/ Amex Amazon Biz $10k/ +AU accts via DH plus local vendors

(Oldest Acct: 1998; Youngest Acct: Nov 2019)
Message 5 of 37
Community Leader
Super Contributor

Re: Large Christmas Purchases- Do or Don't?


@GApeachy wrote:

@CreditSweeper wrote:
Are you going to PIF after the purchases or carry a balance?

We will PIF.  Wanted to use the cards in case of weather messing their trips up.


Then use it. Utilization has short-term memory with banks

Message 6 of 37
Valued Contributor

Re: Large Christmas Purchases- Do or Don't?


@simplynoir

 


Thank you, none of our ccc's have a relationship over 1 year.  Just didn't/don't want to overdo.  This time last year I paid in cash but after reading the pluses with cc's, their protections I'd really prefer to use them instead of cash.  It will be a lot though.  Possibly 40% on 4 cards and will let them travel with these cards (AU's) for emergency spend and restaurant/gas.  All are still at 0% apr. so that's a true incentive.

"MY TAKE HOME PAY WON'T TAKE ME HOME"
Personal Credit:
Savor $5.5k/ GoodSamsVS $9k/ BB&T Spectrum VS $10.5k/ BB&T Bright VS $10.5k/
CareCredit $15k/ Synovus loc $75k /CB loc $20k/ + AU accts via DH
Biz Credit:
Amex Lowe's Rewards $21k/ Amazon Net55 $7.9k/
StaplesMore $1k/ Amex Amazon Biz $10k/ +AU accts via DH plus local vendors

(Oldest Acct: 1998; Youngest Acct: Nov 2019)
Message 7 of 37
Frequent Contributor

Re: Large Christmas Purchases- Do or Don't?


@GApeachy wrote:

@CreditSweeper wrote:
Are you going to PIF after the purchases or carry a balance?

We will PIF.  Wanted to use the cards in case of weather messing their trips up.


I see no reason to even hesitate with the purchase then. In the end, such a large purchase and PIF could help with the lender's internal scoring; this could help with things such as CLIs in the future, for example. 

Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 8 of 37
Valued Contributor

Re: Large Christmas Purchases- Do or Don't?


@Saeren wrote:

@simplynoir wrote:

I'm probably different from you but I'd just use it as normal and if that means showing credit card activity that is not normal just remember the credit line they provided for you is there for a reason as long as it's used responsibly

 

They probably expect purchases, they may even expect some customers to carry the balance for X number of months. As the new year means possible bonuses from work, tax season and hopefully means people will use their money to pay their credit cards off. The only real way I can see AA is if it's on multiple cards with no headway into bringing down the balance over a period of months. But again that's just me maybe someone else can chime in on similar experiences like the one you're proposing


^ exactly this. 

If you have lenders take AA for you using your cards, you should ditch those cards. 


Thanks!  I was kinda feeling that.....why stress but some ccc's do make me leary.

"MY TAKE HOME PAY WON'T TAKE ME HOME"
Personal Credit:
Savor $5.5k/ GoodSamsVS $9k/ BB&T Spectrum VS $10.5k/ BB&T Bright VS $10.5k/
CareCredit $15k/ Synovus loc $75k /CB loc $20k/ + AU accts via DH
Biz Credit:
Amex Lowe's Rewards $21k/ Amazon Net55 $7.9k/
StaplesMore $1k/ Amex Amazon Biz $10k/ +AU accts via DH plus local vendors

(Oldest Acct: 1998; Youngest Acct: Nov 2019)
Message 9 of 37
Community Leader
Super Contributor

Re: Large Christmas Purchases- Do or Don't?


@GApeachy wrote:

Thank you, none of our ccc's have a relationship over 1 year.  Just didn't/don't want to overdo.  This time last year I paid in cash but after reading the pluses with cc's, their protections I'd really prefer to use them instead of cash.  It will be a lot though.  Possibly 40% on 4 cards and will let them travel with these cards (AU's) for emergency spend and restaurant/gas.  All are still at 0% apr. so that's a true incentive.


That should be perfectly fine. Even if you carry the balance for a few months to take advantage of the 0% APR just make sure you pay at least a little more than the minimum minus your usual monthly charges to show your ability to pay it off

Message 10 of 37
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