Quote:
Originally Posted by xxweekxx
hey guys,
one of my best friends in college wants to get a car but she cant afford it..
She wants to do this: Get a high limit credit card($5000++) with no APR for 12months, buy a used car, then just pay minimum for the card monthly.
She'll graduate in a few months and she already has job offers and will make good money.. but for now she needs a car in order to get to work and pay her bills..
Using a card with no APR for 12months will be cheaper than financing a car at say 7 or 8%
her credit score is 720+, has only one bank of america card for $2000 and always paid her bills on time..
What credit card do you recommend that has a very high limit?
**when she starts her full time job in may next yr she'll pay off the card**
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Lets not be stupid about this here. What if something does not work out and she can not find a good enough job, when that interest rate kicks in its going to be bad... VERY BAD!
With the kind of credit she has there are dealerships that offer 0% APR for the entire time of the loan as long as you put atleast $1000 down.