Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
Well the disadvantages of the credit card is that you could lose out on your 0% rate by paying late on that card or possibly another card. That's the only negative I can think of as to why you wouldn't want to carry it.
Are you someone who always pays on time, all the time, with all of your bills? If so then carry the balance. If you're someone who pays late on occasion I would be afraid of losing the promo rate and wouldn't want to do it unless I had the cash in the bank to pay off the $7,000 if the rate was suddenly jacked up.
What issuer is your card? The reason I ask is some are less likely than others to change rates on you usually.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred