Computer paid for by Credit Card

Hamman
Wed, 02 Jul 2008 00:12:50 +0000

Ok, here’s the thing (I also post this in the Computers forum)
I’m going to be starting college in the fall and in need of a laptop. I’ve decided on buy a macbook pro along with the ipod touch and printer deal. I have some extra money from scholarships and will be reimbursed $2500 for my purchases. However, is it more beneficial for me to put it on a credit card and pay off the amount monthly (within the time allowed for the 0% introductory rate of course)?

I know it could be difficult, considering that I’m still only 17 (I’ll be 18 in a month), to apply for a credit card with a $3000 credit line. However, I want to start building my credit history and the purchase is pretty sizable. I just want to prove that I can maintain monthly payments. I will have the $3000 in my bank account and will use it to pay each month’s bill. I’m very responsible with money so I will definitely not be double dipping with the money in my account.

Does anyone have any suggestions as to what company I should apply to to get such a large credit line for a college student? Does our academic record get considered when applying for a card (like when buying car insurance)? If I cannot get a large enough credit line, is it still possible to max out my card and then pay the rest with my parents’ credit card?