What card/combo would you use for upcoming expense?

[Anonymous]

I would put it all on the Discover card. Sorry to hear that you weren't able to put it on your Care Credit as you probably originally planned. Darn dental work! 😔

[Anonymous]

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@takeshi74 wrote:

What I'd do doesn't really matter. You have to make decisions based on your own priorities and preferences, etc.

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@Anonymous wrote:

My quandary is whether to put it all on my Disco to get the 2% cashback and then BT to Freedom what might be left over.

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If you have to BT -- even on 0% -- then rewards may not matter much.  Consider the BT fee.

Can you not pay this off before 0% expires on Discover?

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@Anonymous wrote:

and somewhat preserve overall utilization. 

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Not sure what you mean here.  No matter how you allocate overall revolving utilization will be the same.  You're only changing individual revolving utilization with allocation.

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Well, noooo. People ask other peoples opinions on here so that they can get other viewpoints.  As you can see above some would split it some would put it all on one some would play it safe and put it on the card that has the longest 0 percent offer.

Now that I know Discover is longer than I thought, yes, I should be able to pay it off in 6 months. It is also not necisarily true that a BT will completly negate the cashback I earned because I would consistantly paying it down each month. I won't do the math here because the cashback is not really the important factor here. It is simply a perk that I'd love to have if it makes since.  I'm going to be buying a house between now and 6 months. The only reason I'm not waiting to get my dental work is because of the 0 % offers. The only reason I need to use the 0% offers is because I need to have as much money as I can for my down payment while keeping my utilization below 9 % for the pending mortgage.

It is also not necessarily true that overall allocation will be the same no mater where the debt sits. Two cards vs one card can cost me points. A card with 17000 limit can hold 1800 and not move my fico scores much. A card with 3000 limit will be at 60 percent utilization until I can pay it down. Hope that all makes since.

Sorry for the long post, but thanks to everyone who wieghed in. I have decided I'm going to put it all on my Discover.

[Anonymous]

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@Anonymous wrote:

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@takeshi74 wrote:

What I'd do doesn't really matter. You have to make decisions based on your own priorities and preferences, etc.

---

@Anonymous wrote:

My quandary is whether to put it all on my Disco to get the 2% cashback and then BT to Freedom what might be left over.

---

If you have to BT -- even on 0% -- then rewards may not matter much.  Consider the BT fee.

Can you not pay this off before 0% expires on Discover?

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@Anonymous wrote:

and somewhat preserve overall utilization. 

---

Not sure what you mean here.  No matter how you allocate overall revolving utilization will be the same.  You're only changing individual revolving utilization with allocation.

---

Well, noooo. People ask other peoples opinions on here so that they can get other viewpoints.  As you can see above some would split it some would put it all on one some would play it safe and put it on the card that has the longest 0 percent offer.

Now that I know Discover is longer than I thought, yes, I should be able to pay it off in 6 months. It is also not necisarily true that a BT will completly negate the cashback I earned because I would consistantly paying it down each month. I won't do the math here because the cashback is not really the important factor here. It is simply a perk that I'd love to have if it makes since.  I'm going to be buying a house between now and 6 months. The only reason I'm not waiting to get my dental work is because of the 0 % offers. The only reason I need to use the 0% offers is because I need to have as much money as I can for my down payment while keeping my utilization below 9 % for the pending mortgage.

It is also not necessarily true that overall allocation will be the same no mater where the debt sits. Two cards vs one card can cost me points. A card with 17000 limit can hold 1800 and not move my fico scores much. A card with 3000 limit will be at 60 percent utilization until I can pay it down. Hope that all makes since.

Sorry for the long post, but thanks to everyone who wieghed in. I have decided I'm going to put it all on my Discover.

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One thing to think about down the line is getting a Chase Slate. That will extend your 0% range and give you a 0% BT option. If you are planning on getting a mortgage in the next six months, I would recommend waiting until after the mortgage closes to apply, so it doesn't interfere with your mortgage app. Just in case you haven't set up the dental work yet, make sure that your increased minimum payments won't affect your back-end DTI ratio. 0% is good, but it isn't worth jeopardizing your mortgage. You might still be able to close on the mortgage, get the dental work, dump it onto Disco for 2% back, then BT to Slate when the 0% is about to end in order to maximize rewards while keeping a low rate. 

[Anonymous]

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One thing to think about down the line is getting a Chase Slate. That will extend your 0% range and give you a 0% BT option. If you are planning on getting a mortgage in the next six months, I would recommend waiting until after the mortgage closes to apply, so it doesn't interfere with your mortgage app. Just in case you haven't set up the dental work yet, make sure that your increased minimum payments won't affect your back-end DTI ratio. 0% is good, but it isn't worth jeopardizing your mortgage. You might still be able to close on the mortgage, get the dental work, dump it onto Disco for 2% back, then BT to Slate when the 0% is about to end in order to maximize rewards while keeping a low rate. 

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And yet another great idea. I do think I'm determined to get it done this year. Insurance reasons not withstanding, This is a two part procedure. Slate might be an option for next year. Thanks again for the idea.