Just spent $2,600, but I get rewards!
Although I registered for my summer graduate class over a month ago, I was holding out for as long as I could to pay the tuition. However, the $2,600 is due in about 2 weeks, and I wanted to make sure I paid while I remembered it. So as I celebrate the end of one semester, I’m hurting inside at the thought of spending $2,600 of my own money for just one class.
Nope, no employer reimbursement on this one. And not on the $5,200 (plus books) in the fall either. I’ve used up the maximum allotment for the year and now it’s all up to me.
BUT I’M NOT WORRIED! Why? Because I don’t have to pay interest on this debt for another ~6 months. I used my Discover Business Card which I got last December with a full 12 month, 0% on purchases and balance transfers. And the best part is that you don’t need to own your own business to apply. You can just enter your SSN as your business number and your type as sole proprietor. The card also has these perks (which is why I’m using it):
- 5% cash back on office supply purchases
- 2% cash back on gas purchases
- 1% cash back on everything else
- No annual fee (unlike the AmEx card)
I’ve been happy with my Discover Business Card, even though it stays in the safe until I need to pay for tuition every few months. When I’m done with school, or I have the card paid down further, I’ll probably use it for a new laptop (for my Clever Dude business of course!). And don’t worry about us because I do have a debt repayment plan for this credit card. I’m not planning on paying even one second late! I’ve never been late on a payment before and I’m not starting now!