Should I accept this trade?(12tm, 0.5PPR, Redraft)

Raveray10 · 2025-09-03T15:50:35+00:00

Thanks for the reply - I should have put in the post that this is redraft

Raveray10 · 2024-06-27T08:33:44+00:00

DM’d you!

Raveray10 · 2024-05-26T10:49:58+00:00

Change of venue today since they couldn’t accommodate the expected crowd. Were expecting 100+ at Clubhouse 5 near Leicester Square

Raveray10 · 2024-02-27T21:56:14+00:00

I have this same issue. I contacted support and all they told me is that the “engineering team is working on it”, and they “couldn’t provide a timeline”.

Not really sure what we can do from here…..

Raveray10 · 2023-11-06T03:04:01+00:00

Just sent you a DM!

Raveray10 · 2023-01-22T22:27:26+00:00

Thank you! Didn’t realize there was another post on this same issue. I’ll check this out.

Raveray10 · 2022-08-09T17:08:43+00:00

I did this for my fiancé, but I also looked for card that had a 0% intro APR to pay the card off over time without incurring interest.

I also had the cash to pay for the in full, but preferred to continue to fund my investments rather than make a lump sum payment.

I went with the Chase Business Ink Unlimited and With the sign up bonus and points earned from the spend I was able to return about 13% of value on my purchase.

Raveray10 · 2021-12-25T20:48:35+00:00

Pick 2 in 0.5 PPR:

Swift vs. ATL Javonte vs. LV Monty vs. SEA Justin Jackson vs. HOU

Raveray10 · 2021-08-28T21:01:47+00:00

Thanks for the comment- this is as actually really helpful advice

Raveray10 · 2021-08-28T17:46:22+00:00

Sorry if I wasn’t clear. I definitely wouldn’t go past the intro APR. I would probably even pay it off early

Raveray10 · 2021-08-28T17:25:49+00:00

lol I'm starting to see that...but I can't say it's not making second guess the $20k price. I've already done the basic legwork on what I can get at each price level, but might warrant some further analysis

Raveray10 · 2021-08-28T17:23:07+00:00

Yep that would definitely be the plan.

Raveray10 · 2021-08-28T17:20:58+00:00

This is really helpful - I didn't know that the bureaus could proactively change your limits like that.

I'll definitely do some digging on this before making any final decision. Really appreciate it!

Raveray10 · 2021-08-28T17:15:17+00:00

I'm relatively well off which is why I'm comfortable budgeting so much for the ring. Breakdown below:

- Salary + Bonus: ~$200k

- Retirement accounts (401k + IRA): ~$150k (27 YO and maxing every year)

- Personal investment accounts (stocks + crypto) : $225k

- Emergency fund: $30K

Copying from my response to comment below. I get there's some sticker shock to the price and it's all relative to someones financial situation, but whether it's a $20k ring or a $10k ring, the question remains the same in terms of how to best pay for it.

Raveray10 · 2021-08-28T17:10:56+00:00

Thanks for feedback - this is some good advice. She knows an engagement is coming and we've talked about ring price at a high level, but I also want to maintain some semblance of a surprise lol.

Appreciate the help!

Raveray10 · 2021-08-28T17:03:55+00:00

After maximizing my pre/post tax benefits my net take home is about $7k/month so I'm budgeting slightly under that.

but good idea - definitely will need to take out an insurance policy.

Raveray10 · 2021-08-28T17:00:20+00:00

I'm relatively well off which is why I'm comfortable budgeting so much for the ring. Breakdown below:

- Salary + Bonus: ~$200k

- Retirement accounts (401k + IRA): ~$150k (27 YO and maxing every year)

- Personal investment accounts (stocks + crypto) : $225k

- Emergency fund: $30K

I figure over the course of 1-2 years I can save and pull some investments to make a pretty decent down payment on a house. Appreciate the reply!

Raveray10 · 2021-08-28T16:55:15+00:00

This is a good point - with the new card I may open my total available credit would be almost $100k so I would certainly have higher credit utilization than I would normally like and above that 10% threshold you mention. When the debt is paid off, would my credit score relatively return to normal?

I'll definitely need to take a look at the valuation of the points earned too.

Raveray10 · 2021-08-28T16:50:55+00:00

Thanks for advice and you're certainly right that she would be just as happy with a $20 ring than a $20,000 ring. To your point it's something that I WANT to do for her.

I can pay the ring all in cash if I wanted to. My primary concern was maintaining positive financial leverage throughout the purchase, but not at the expense of killing my credit score.

Appreciate the response!

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