New Credit Card with High limit and 0% APR?

Question

I'm about to purchase a bike for 8,500 and I was approved through the dealership for financing but I don't want to deal with their interest. I was wondering if there is a certain credit card that seems to give you a higher limit off the bat and that does the introductory 0% APR for 12 Months. I plan to have the bike paid off within a year so this particular card would be ideal for me. I'm trying to avoid paying 500-1000 if not more in interest. Anyways, my Fica score is 703 as of the 5th of March. The problem is I have 2 credit cards now but with extremely low credit limits(600, 2000). I did this same thing on the 2,000 limit card because i bought a bowflex for 1,700 and avoided their interest charges. I only owe 500 more on that and still got 6 months before they hit me with their APR. Can anyone suggest a certain card that seems to give you a higher limit than the other cards that offer the 0% APR. Any suggestions would be greatly appreciated. Thank you in advance

I don't want to just randomly applying to credit cards to find one that will give me a high limit. I know everytime you do a credit inquiry then your credit score takes some sort of hit.

Yes the dealership accepts credit card payments. I've already asked them. I know it will be extremely hard to get 8,500 from 1 card. I'm willing to get 2 cards to get it accomplished.

Answer 1

You better check with the dealer and find out if they'll even accept a credit card as payment. A lot of them won't since they have to pay a percentage of the sale to the credit card company. On an $8500 charge, that would be a significant chunk of their profit. I had a friend that was trying to put the down payment on a car of $5000 on a credit card and the dealership wouldn't let him.

Here's a couple links you can go to to check various credit card offers.

Answer 2

If you are aiming to find the best and most suitable credit card for you, then you must first settle to find out which credit card would charge the least. Of course, the charges depend your purchases. But there are charges incurred from late payments, interests and special fees.

This is where the concept of the annual percentage rate (APR) comes in. APR is the term or factor that you must initially consider before filing a credit card application. This is because the APR directly would pose impacts to the amount of credit card bills you must pay.

The APR is the annualized rate of interest that is imposed to credit card users for having used the card to purchase items. The APR bears not just the interest rate charges, but all the other fees that comes with the card.

Thus, if you are imposed with late payment penalties and other special charges, those will be added to the APR on your bills. It is this reason that APRs in different credit cards vary. Take note that specific uses and purchases using credit cards may also sometimes incur different APRs. Get a best credit card with high credit limitand 0 apr at:http://www.credit-card-gallery.com/0_Intro_APR.html

Answer 3

Your best bet would be if you are a member of a credit union...this is how you get the best rate and if you are going to pay it off in a year the interest rates are not going to be too bad... worst case senario if something happens to you that you can take a little longer to pay it off without getting hit with a large APR at the end or worse you could ruin your decent credit...and don't be fooled we are rated at the highest tier of credit ratings and we don't always get the best rates, so don't ruin your credit now...

Answer 4

Most credit card websites will tell you what they have to offer.

Sounds like it might be tough for you to get approved for 8500 with 0% interest. Your best bet is likely American Express, but you might want to check with the dealership to ensure they'll accept that for your transaction.

Check this site to get started with ideas: http://www.asapcreditcard.com/0-apr.html

Answer 5

I got a bank of america cc and they gave me an 800 limit right off the bat

Answer 6

listen, do you really neeeeeeeeed the bike, like suzie orman says, things that you should be things that are daily, that bike is what you want. good that you have that high limit on the card, but thiink it over more,

Answer 7

I was wondering much the same question