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I'm thinking about buying a camper, something to the tune of 10-15k. I have 800+ credit score. I have almost 15k in savings and 13.8k on a car note @ 0% APR effectively for the life of the loan (49 months to go).

I'm able to comfortable save about 1000 a month after bills and while I could make this purchase outright, it makes me feel at ease knowing I'm sitting on what is to me, so much cash.

Anything wrong with opening a new credit card and putting a good chunk of the cost on credit? My reasoning is that I could get a card with 0% introductory APR for 12 months and easily pay it off within 12 months. That beats RV financing charges, plus I'd get some rewards on the CC as well.

The only thing I can see wrong with this is that it will throw my utilization off for awhile, but I have no intention of using my credit for anything major in the next year or so anyhow. Currently I have 7500 in credit 2% utilized between 2 cards (6200 & 1300). Also that I would be charged about 4-5 times the interest rate if I didn't have it paid off before the 0% introductory APR ends, but that really shouldn't be a problem.



Submitted September 25, 2018 at 09:30AM by 2000CervixPounder https://ift.tt/2zs5mgl

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