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Unlock Hidden Perks: The Credit Cards That Could Save You Thousands on Your Next Car Purchase!

Unlock Hidden Perks: The Credit Cards That Could Save You Thousands on Your Next Car Purchase!

Do I need to pay my full balance?

If you make the car purchase on a card that is offering a 0% interest rate, then you can pay the minimum balance per month (usually 1% of the entire balance) or make enough of a payment to pay off the entire card within the promotional period. If you put the charge on a card that charges interest, your best course of action is to pay the balance in full to avoid interest.

Does buying a car with a credit card affect my credit score?

When purchasing a car on your credit card, your credit utilization will surely increase, and this can negatively affect your credit score. To keep your utilization down, pay off the balance as soon as possible, and you’ll minimize the long-term impact.

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