Putting $4k on credit card for furniture and immediately paying off?

[u/EmojiOfAKeyboard]

New house so we need new furniture. And we have money saved.

Last time the store didn’t even ask us how we wanted to pay. It was just “okay this is the monthly financing, sign here”

I immediately paid it the next day.

…. But I don’t want to do that.

Instead of swiping my debit card (because I don’t normally have $4k just sitting in the checking account) is it a bad idea to put it on my credit card?

1) my card says I have $7k available in credit.

2) I will pay it off tomorrow

3) I get 2% cash back in rewards

this seems like a no brainer but I wanna know if this is dumb before the sales people hound me into not doing this

[u/[deleted]]

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[u/flashlightgiggles → u/[deleted]]

I would guess that points accrue with every purchase, but only post to catramity’s account when each statement closes.
If they only get points for balances that “exist” when the statement closes, that’s an unbelievably crap cc.

[u/ILikeLegz → u/[deleted]]

Well I'll be damned. You are correct. Been living a lie all this time. I falsely assumed the disbursement of points would have been calculated from the statement balance and not the purchase totals.

I guess the only advantage to paying off post-statement is it makes accounting simpler, and keeps your utilization higher if you're trying to be mindful of your credit score.

I've definitely had really high utilization months, not realizing I could have gamed that better by cutting the balance down before the statement date.