By using this site, you agree to our Privacy Policy and our Terms of Use. Close
twesterm on 04 September 2009
Edit Thread
Vetteman94 said:
Khuutra said:
Vetteman94 said:
Khuutra said:
Vetteman94 said:
Bad Idea, getting credit cards in exchange for cheaper products are a quick way to get you in trouble financially

Eh, if you're fiscally responsible it's not a bad idea. Set aside three hundred bucks, make the purchase, pay off the entire bill immediately. Then just wait for your credit, maybe buy some games cheap.

It relies on you already having the money necessary, though.

Exactly, but there arent alot of those people that are responsible.   Plus you still take a hit on the credit rating which in todays world is proving to be really important.  

I thought that using a credit card and paying it off promptly improved your credit score.

It can, but applying for a credit card is what gives you the initial hit.  Then it can take up to 6 months to get it back to where it was before you applied.  Anytime someone checks your credit rating you take a hit in your credit rating, it sucks but thats the way it goes.

Exactly.  Opening and closing credit cards screws with your rating.

I hate that people keep spreading this deal because it really just isn't a deal.  There do exist such people that can have a credit card and be responsible but lets be honest, people in general aren't responsible.

Also, this deal is a lot more like $60 off with interest and you can probably find just as good or close enough that won't hurt your credit at Best Buy, Gamestop, Wal-Mart, ect.