I've recently applied for and was offered two AMEX cards: One (charge card with 14.24 APR option, 1% cashback directly deposited into a savings account) and Blue ($2,00 credit limit, at 0% promotional APR, 1 percent cashback I think). I was also approved for a Discover Platinum ($4,000 limit, at 0% promotional APR, 5% cashback).
I'm about to make a big airfare purchase for about $2,000 and want to make monthly payments and pay it off before interest charges accrued. My goal is to establish credit with these new prime creditors. What is the best plan for making this purchase using one of the cards (or multiple cards)? Pros and cons? Should I call to convert Blue into Blue Cash for their 5% cashback offer? Should I request credit limit increases for Blue and/or Discover just in case I use one of these cards and my credit utilization won't look "maxxed out" from the onset?
2007-06-09
05:08:28
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3 answers
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asked by
Silkroad
1
in
Personal Finance