Best Reward Credit Card for Everyday Purchases
Author: Seeing Clearly
Posted: Sat Feb 28, 2004 2:21 am
Post subject: Best Reward Credit Card for Everyday Purchases
Two months frow now I'm looking at getting corrective eye surgery. This is going to cost me around 3,000 to 6,000, which I can pay for in cash. However, I'd llke to pay the bill off with a credit card to recieve the maximum rewards and increase my credit score. What's the best rewards card for everyday/ALL purchases?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: nativechild48
Posted: Mon Mar 01, 2004 8:26 pm
Post subject: Best Reward Credit Card for Everyday Purchases
Have you tried to get some financing through a bank loan? Some Doctor's also have financing. I think NightStar knows of some companies that might finance surgeries. Sometimes Doctors will accept payment plans. Credit Cards can be an expensive way to pay for surgery. If you have good credit and want to try to finance this try a Credit Union or a good bank for a personal loan (medical). Good Luck!
Author: Ira
Posted: Tue Mar 02, 2004 4:18 am
Post subject: Best Reward Credit Card for Everyday Purchases
Ok, if you've got the cash you can actually make a bit of money on this transaction.
What you do is apply for one of the many cards that give you a 0% purchase rate for a year or 15 months. Use the credit card to pay for the surgery. Take the equivilent cash amount and put in an interest bearing account. Depending on the length of the intro rate this might be a CD or a money market account. Keep paying the minimum, and only the minimum, until your intro rate runs its course. Then withdraw the principal from the interest bearing account and pay off the principal. You keep the interest.
You can also do the same thing with a 0% balance transfer rate with 0% balance transfer fee.
I do this all the time just to collect the interest on money that isn't really mine. Unfortunately interest rates aren't that high, but you'll end up with a few hundred dollars that you didn't have before, which you can consider as a reduction in the cost of the procedure. If you can get a card that also gives you a cash rebate you can double dip.
However, forget the financial machinations. The really important thing here is to wish you the best of luck with the surgery. Money you can always get. Health is much more fleeting.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Fri Mar 05, 2004 5:08 pm
Post subject: Best Reward Credit Card for Everyday Purchases
With my local medical providers, they set me up with American General Personal Finance Company for 0% interest for so many months, like mine was 12 month, then interest was added.
Credit Cards will work to if you can keep up on the transferring from one to the next account as the offers expires, but you want to have the best of credit to accomplish this. No lates and such, pay all the time on time.
Posted: Sat Feb 28, 2004 2:21 am
Post subject: Best Reward Credit Card for Everyday Purchases
Two months frow now I'm looking at getting corrective eye surgery. This is going to cost me around 3,000 to 6,000, which I can pay for in cash. However, I'd llke to pay the bill off with a credit card to recieve the maximum rewards and increase my credit score. What's the best rewards card for everyday/ALL purchases?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: nativechild48
Posted: Mon Mar 01, 2004 8:26 pm
Post subject: Best Reward Credit Card for Everyday Purchases
Have you tried to get some financing through a bank loan? Some Doctor's also have financing. I think NightStar knows of some companies that might finance surgeries. Sometimes Doctors will accept payment plans. Credit Cards can be an expensive way to pay for surgery. If you have good credit and want to try to finance this try a Credit Union or a good bank for a personal loan (medical). Good Luck!
Author: Ira
Posted: Tue Mar 02, 2004 4:18 am
Post subject: Best Reward Credit Card for Everyday Purchases
Ok, if you've got the cash you can actually make a bit of money on this transaction.
What you do is apply for one of the many cards that give you a 0% purchase rate for a year or 15 months. Use the credit card to pay for the surgery. Take the equivilent cash amount and put in an interest bearing account. Depending on the length of the intro rate this might be a CD or a money market account. Keep paying the minimum, and only the minimum, until your intro rate runs its course. Then withdraw the principal from the interest bearing account and pay off the principal. You keep the interest.
You can also do the same thing with a 0% balance transfer rate with 0% balance transfer fee.
I do this all the time just to collect the interest on money that isn't really mine. Unfortunately interest rates aren't that high, but you'll end up with a few hundred dollars that you didn't have before, which you can consider as a reduction in the cost of the procedure. If you can get a card that also gives you a cash rebate you can double dip.
However, forget the financial machinations. The really important thing here is to wish you the best of luck with the surgery. Money you can always get. Health is much more fleeting.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Fri Mar 05, 2004 5:08 pm
Post subject: Best Reward Credit Card for Everyday Purchases
With my local medical providers, they set me up with American General Personal Finance Company for 0% interest for so many months, like mine was 12 month, then interest was added.
Credit Cards will work to if you can keep up on the transferring from one to the next account as the offers expires, but you want to have the best of credit to accomplish this. No lates and such, pay all the time on time.
posted by CardRatings.com at 11:47 AM
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