Okay, to start I'm a newbie with the whole credit card thing so I am still learning do's and don'ts and what not.
So, within the next few months I will be moving to a new house. This house needs some TLC and a couple other things as well. After looking into a few ways to pay for my renovations I've really started to consider a couple store cards with special financing would be the best way to go.
I need appliances and I was considering oping a Sears MasterCard, with hopes that when I go to purchase there is at least a 12 (or 18) month financing offer (since I know its very common for there to be) I know I could pay off the total in the 12 months.
My second option is to use lowes 84 month special financing at 5.99%. I would use this to buy all appliances PLUS the building supplies needed for the rest of the TLC the house needs (the minimum purchase is 3500). I am 100% positive I could handle much more than the minimum payments that would come with this offer, so I'm not worried about not paying it off in 84 months, although I didn't see anywhere if it was "allowed" to pay off early? Anyone know?
I have also considered both cards- Sears for appliances, get them paid off in a year then lowes for the rest (will still be over 3500) and pay off asap but definitely before the 84 months. Hm.
Also- how much higher than what I'm planning to spend should my credit limit be? I would need work on getting it up there before these purchases need to be made
So I guess some experience or advice would be awesome for me, as I really just need reassurance that I'm not going to totally screw myself in the end.
phew, hope I'm not sounding like an idiot and that all made sense!