I'm also trying to pay off my credit card— I was unemployed, and racked up a balance. For about a year, I was paying the credit card off in full each month. But now, even after using much of my entire check to pay it off each month, I still have $1800 left as a balance each month. For the most part, however, the balance is dwindling. With as much money as I am putting down after the 1st and 15th, I predict I will be able to pay the balance in full each month.
My dilemma is this: my dream vacation is funded. All I have to do is pick a time and I will be taking the trip of a lifetime for me. If I use all do the rewards points to purchase a cash payment, I can pay off my CC in full and be current again each month. But, I will have to start over and begin saving for this trip that I've been planning for years.
Obviously I know the most responsible thing would be to use the rewards to pay for the cards. But at the same time, I know the balance will eventually he paid in full each month in a few months.
What would you do? Take the trip and just continue throwing money down on the balance until it's paid off in full in a few months? Or delay the trip, cash out the rewards, pay off the balance; and start over saving each month for the trip?
My conservatism is telling me to cash out the rewards and pay off the card. But my other side is telling me to go fuck paying bills and travel for once.
Edit: I'm using Chase Sapphire Reserve
Submitted March 30, 2017 at 11:29PM by speeduponthedamnramp http://ift.tt/2npdF4j
