No. of Recommendations: 3
Most of the parts, filters, etc are bought online for less money. I use a CC for these purchases because I feel it is safer than a debit card. Would it be wise not to do this?

I would agree that using credit cards is safer than using debit cards. That said, if you're carrying a balance on the card that you are using to 'save money' by purchasing online, you probably aren't saving as much as you think, since that 13.99% - 17.44% in interest starts accruing against your purchase the minute it hits your balance. So, until you can free up a credit card that you will pay off in full every month, it's probably better to purchase locally with cash.

That said, with one card that has only a $1284 balance, it shouldn't take long to pay that one off. When you have paid it, and the residual interest off, so that you have a $0 balance, then you could start using that card for purchases that you already have money in the bank for (and have planned for in your spending), so that you can pay the card off in full every month and never be charged interest on that card again.

#5 $14838.00 at 0% temporarily

When does the 0% expire and what rate does it go to? If it's at or below your other 'low' cards at 13.99% then that's probably a good order. If it's going to go up to the 17.44% or above, then you might want to move it up in the order.

Also, you need to be careful when accepting balance transfer (BT) offers to ensure that they really will save you money. Many cards charge a BT fee (pre-paid interest) of 3% - 5% on the entire balance up front, which adds to your debt. Pre-paying this interest up front can save money, but it needs to be analyzed to ensure that it will. If you have another BT offer that you want to look at in the future, bring the terms here before you make the transfer, and we can help you figure out if it will save you money.

AJ
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