Is it bad to make a large purchase on a new credit card?

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Is it bad to make a large purchase on a new credit card?

Postby tehBrad » Thu Aug 01, 2013 4:24 pm

Hey everyone, i have been lurking for a while, but i just registered!

So i'm 18 and i just applied for a credit card with a regional bank and got approved with my mom as the cosigner (joint account) for a cash back rewards cc with a credit limit of $10,000 and an apr of 12.99 or 12.49% (i forget which).

That brings me to my question, would it look good or bad if i bought a macbook worth around $2799 on the card and then immediately paid it back?

The macbook is being paid for by my mom but i figure if i get points, i might as well put it on my card to help build my credit. The only reason i ask is because maybe they will target me as high risk since i just opened the account? I really dont know, i just want to check with you guys!


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Postby MemberSince99 » Sat Aug 03, 2013 9:01 am

No it's not bad. They obviously feel that's a limit you can handle, using it for that and paying it back immediately is in NO way whatsoever bad and is in fact smart as you'll get rewards and establish a history with that lender.

Do NOT sweat this just do it. End of story.

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Postby takeshi » Sat Aug 03, 2013 9:05 am

No -- especially if you're immediately paying it off. They issue you the credit to use (responsibly). There wouldn't be much point to having the card if you couldn't use it.

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