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re: Paying off a credit card too soon?

Posted on 2/26/14 at 10:37 am to
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38610 posts
Posted on 2/26/14 at 10:37 am to
quote:

No reason not to make money off of them.


You'd be surprised at how much of a better deal I have been able to get at my local jewelry store because I pay in cash. I'm talking thousands.
Posted by Lsut81
Member since Jun 2005
80251 posts
Posted on 2/26/14 at 10:41 am to
quote:

You'd be surprised at how much of a better deal I have been able to get at my local jewelry store because I pay in cash. I'm talking thousands


Yeah, no doubt... But my point is, if he's already got 0% financing with a balance on there. Why would he rush to pay if off? Pay the minimum and put the rest into an account where he can make money or earn interest.

Of course, if its only a few hundred, then just pay that shite off and be done with it.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80804 posts
Posted on 2/26/14 at 8:43 pm to
quote:

You'd be surprised at how much of a better deal I have been able to get at my local jewelry store because I pay in cash. I'm talking thousands.

Same here. I got an additional $1,300 off plus no tax when I asked what the cash price was. About a 20% savings on the total purchase
This post was edited on 2/26/14 at 8:44 pm
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