Using cash rewards.

[Anonymous]

I'm just not a huge person on financing stuff. I feel that's what gets some people in trouble. The 0% is nice for x amount of time. But normally it gets pushed back, bills rack up and then your going OShít I gotta get this paid off!
I'll finance a car, house, stuff like that but not something that's going to back charge me interest on a purchase if I don't pay it off. Lol.

[Anonymous]

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@Anonymous wrote:
How is CITI with bring that card to around 40-45%. It's only a 5500$ card. The financing it's a big deal. I had planned on paying it off next month anyways.
The 500$ on the QS is easy to make. We planned on paying our premiums in full. We do it every year to save 10% on insurance if paid in full then we just turn around and send in the payment once it posts to the card. Our insurance on our cars is about 2600 yr. so 10% is a decent savings lol.

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Split the charge between the two to optimize utilization.

[UncleB]

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@Anonymous wrote:
How is CITI with bring that card to around 40-45%. It's only a 5500$ card. The financing it's a big deal. I had planned on paying it off next month anyways.
The 500$ on the QS is easy to make. We planned on paying our premiums in full. We do it every year to save 10% on insurance if paid in full then we just turn around and send in the payment once it posts to the card. Our insurance on our cars is about 2600 yr. so 10% is a decent savings lol.

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Assuming you meant to say that the financing isn't a big deal (a typo above?) then I would say you have answered your own question. 

[Anonymous]

Yes isn't lol.

[Anonymous]

really depends...

I think there are only 2.5 reasons why you'd use QS over DC:

1) You don't think you can hit the $500 spending limit on QS without this? I would guess most people would easily hit $500 of spending in 3 months... I think if you believe that you won't be able to reach it without help, then yea, use QS. However, I belive you should be able to get to your $500 without the additional help

2) DC you get 1% when you buy and 1% when you pay back. So really, you'll only be getting 1% today and you'll have to wait for get your extra 1% for however long you take to pay it off (up to 18mo possibly). If you need that extra 0.5% today, use QS. Otherwise, if you can wait to get the cash, 2% is still more cash in your pocket... just later...

2.5) Not sure what your limit on DC is, but overall, it's a better CB card than QS... Tying up nearly $3k might put your DC card out of commission for a while, so you'll be "stuck" using your QS for everyday purchases and earning less cash on that, which might add up. If you have a decent limit though, you could spare the cap hit and still have room to use it daily

Overall... I think 2% if a better deal because it's... well... more than 1.5%... but if you have either of the above special circumstances, then use QS...

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
How is CITI with bring that card to around 40-45%. It's only a 5500$ card. The financing it's a big deal. I had planned on paying it off next month anyways.
The 500$ on the QS is easy to make. We planned on paying our premiums in full. We do it every year to save 10% on insurance if paid in full then we just turn around and send in the payment once it posts to the card. Our insurance on our cars is about 2600 yr. so 10% is a decent savings lol.

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Split the charge between the two to optimize utilization.

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You beat me to it. If the store allows split payments, there's really no dilemma. OP should go for the 20% discount and split the charge between the two cards, this is what I would do.

[Anonymous]

I ended up doing what humuhumunukunukuapuaa ( yes I copied and pasted that lmao). It saved me 825 dollars by the time I factored in the 20% off, statement credit, and cash back. Still ended up with 0% interest in one portion until March and the other portion until October of 2017.
Not a bad payday. Lol