The cash back offer period on gas and food for this year have already ended, so I wouldn't be able to cash in on that (forgive the expression), but my goal is to establish credit history right now, so if I were to get that card and have to wait until January to begin pulling that reward portion, I'm not going to worry about a few dollars worth on a couple of tanks of gas a month and some groceries. Online purchases through Amazon are good through December though

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Posted by SaintsTiger

1,000,000 Posts

Member since Oct 2014

1481 posts

Posted on 9/19/15 at 7:08 pm to TexasTiger90

I'd look into consolidating your student loan with the federal government. They have good options such as income based repayment where your loan gets paid off in 20 years if you make all your payments + payments are based on your income. So you can end up saving a nice chunk of change.

LINK

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Posted by foshizzle

Washington DC metro

Member since Mar 2008

40599 posts

Posted on 9/19/15 at 9:28 pm to TexasTiger90

quote:
financing my truck, which I just paid my first note on (a few days early, because I'm responsible like that

For your first payment that is a good idea in case there's some kind of mixup.

You don't have to pick one - get both. There is no penalty for doing so, plus you'll have a backup card. Of course, you can pay the minimum until the 0% APR period runs out but unless you already have substantial savings I don't recommend that since it could be a disaster if you lose your job and don't have enough to cover it when that rate expires. It is a nice perk though.

What I do with 0% cards is set up an automatic minimum payment each month through my checking account. That way I know I'm covered and I can pay extra (or not) as I see fit.

ETA: I mentioned having an extra card as a backup. I've run into three reasons when I was glad I had one: 1) The magnetic stripe on one started getting flaky, and 2) One time my issuer decided there had been "suspicious activity" on my card and cancelled it. Both times I had to wait about a week to get a replacement card. And #3 is that some vendors don't accept every one of the majors (VISA, M/C, Discover) and if they won't take yours having one from a different issuer can help.

This post was edited on 9/19/15 at 9:32 pm

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Posted by wizziko

New Jersey Nets Fan

Member since Jan 2006

35881 posts

Posted on 9/21/15 at 1:36 am to LSUAfro

quote:
If the Discover charges a transfer fee, which I believe they do, then I would likely go with the Slate depending on the amount being transferred because there is no transfer fee if made in 60 days of account opening.

You could almost get perpetual 0% APR or balance transfers when the Discover It. Call customer service and ask if you have any offers available. It seems like they always running a 0% balance promotion too

This post was edited on 9/21/15 at 1:37 am

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