Hello! Any help with the following question would be much appreciated :)
I'm trying to furnish my new home and make a purchase at a retailer for a total of about $500. The retailer offers a 0% interest rate card if the balance is paid in 12 months. However, I have 2 other credit cards (both with $0 balance and in good standing, one with $500 limit another with $1,000 limit) that I could use for the purchase. Using which line of credit would have the least negative effect on my credit? Could I open a new card with no interest but get the hit of the hard inquiry? Or would it be best to place the charge on the CC with the $1,000 limit and increase my credit utilization?
Please sign in to leave a comment.