Buying a new computer on which credit?
December 28, 2006 8:22 PM Subscribe
Buying a new computer: which of these options will be better for my credit in the long run?
posted by anonymous to work & money (13 answers total)
I will be fortunate enough to come into a decent sum of money shortly. My plan for part of it is to pay off my credit cards (which are currently close to their limits, thanks to the graduate student lifestyle). I also would like to purchase a new laptop while I can still get a bit of a student discount.
I'm trying to figure out which option makes the most sense in the long run. I'm planning on a MacBook Pro (and as I've used an iBook and Powerbook previously, I am set on that decision). Does it make more sense to wait until I've paid off my credit cards and then use one of them to make the purchase (which would then be paid off as well) or should I use the option on Apple's site to open a new Juniper Visa card to pay for the laptop (which again, would also be paid off quickly).
I'm trying to figure out what will hurt/help my credit. Will it be detrimental to open the new account at all or will it be better in the long run to have that much more credit available to me when I pay everything off? I guess I'm worried that trying to open a new account when I'm practically topped off on two other accounts will create a bigger ding.
Thanks in advance, financial minds of MeFi!
(I asked this anonymously as I don't really like to broadcast my financial information about.)