We’ve come up against a large unexpected expense that we won’t be able to pay for all at once. My cat developed a cancerous mass in his chest and is likely going to need surgery very soon. It will cost enough that I’ll be able to blow through a minimum spend. After that, I’m going to use a promotional balance transfer to my oldest card, a Bank of America Amex that isn’t worth using for spending but is kept open for AAoA. It will cost 3% to transfer, but after that I’ll have a 0% interest rate for a year, which is long enough to pay it off. This is definitely not a position I want to be in, but we’ll do whatever we have to to give our guy a fighting chance. I should mention that we just adopted 2 kittens this weekend, too. It was already in the works for a while before the cancer diagnosis, so definitely not an optimal time to be taking in more mouths to feed. But they are SO CUTE!
I just opened the SPG last month, so I’m going to cool it on any additional cards, but the last card DH opened was 3 months ago so it’s his turn. He’s at 5/24 and his last Chase card was opened 09/16. He already has CSR, Freedom, FU (PCed from CSP), SPG, Hilton (all personal). After my awful CIP recon phone call he isn’t too keen on trying for a Chase business card. I have CSR, CIP, SW Premier, SW Plus, SPG. I haven’t delved into Amex MRs yet, and I think I want to stick with collecting UR and SPG for their flexibility, or maybe add AA since there are a few CC bonus opportunities to quickly rack up miles. Or is it smarter to go with a cash back card? Those are generally not even on my radar.
I was originally thinking I would just put this bill on an existing card…either a Chase for the UR or an SPG, and transfer the balance to the Bank of America card. Is it crazy to open a new card for this? Ugh, my head is spinning from this awful news and I'm afraid of doing something irrational given the circumstances.