- Centurion Member
- Posts: 3748
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I don't anticipate any big purchases for a while, but I'd like to be prepared.
When I bought my last car, it was $23k on a debit card. I don't know if a lot of dealers accept credit cards, but I was still in my debit-only mentality back then and didn't ask. I expect they might charge something extra for a credit card purchase.
My car is pretty reliable, but if I got into an accident and it happened to be totaled, I would like to earn something on my next car purchase.
I hear credit unions tend to give very high limits. Maybe I could also suggest an FR to Amex to have them raise my BCE limit significantly? Other ideas? I know I could shift nearly all my spending to my PRG, keep it open, and have a very high limit there, but the annual fee and less-than-ideal (for me) rewards would sort of defeat the purpose. Debit would be better than that, once weighed for the low probability of an accident.
Again, the idea would be to have some sort of card with a very high limit (around $25k), at least a basic rewards program, no annual fee or only a small one, and possibly a lender that would be okay with only occasional swipes. I know that may be too much to ask with a short credit history.
I guess I could also spread a big transaction out over multiple cards, possibly? Other ideas?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when