I want to use my Care Credit account to finance a BA, but I'm unsure about whether that would be a good decision. I read somewhere that the percentage of credit you use affects your credit score, but I don't know the details, precisely. Skip to the bold if you don't care about the specifics of the math/billing dates.
My Care Credit limit is $5,100. My BA would be $5095 total. I have already put down a $1k deposit to be financed through CC and have a $309 vet bill on the account as well. My first payment for both of those is 2/06. I have 12 months to pay off the $1k (~$84/month) with no interest, and 6 for the $309 ($51.50/month), and intend to pay ~$300 this month. I have to finance or outright pay the remainder of the surgeon's fees and the like on 2/21, then pay the hospital on 3/08.
I have to pay the anesthesiologist in full outright, which is an estimated $560. So, if I put everything that I can on my CC account, and assuming $400 paid off of the $1,309 already on the account, I'll have $4444 of $5100 used, or 87% of my available credit on that account in use.
I know that's not a great thing, but does it matter as much since this is a medical credit card and not a major one? Sorry if that's a dumb question.
I can put an extra $1k or a bit more down, making it 67% or less of the available credit, but I'm in my last semester of school right now and don't really want to put much down if I don't have to. If it matters, my only other credit card is a department card I got when I was much younger, that I've used a handful of times and paid off within the first billing cycle each time. My only other debt is a small subsidized student loan that I will begin paying in June.



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Anytime! Congrats on your new ta tas!

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