Hi Everyone,
Well I have been with my partner for nearly 4 years this May and basically the time has come to 'pop' the question (expressions are something like that haha)! The ring has been designed through a friend of a friend and came to a modest $2500. Anyway, since our finances are all together and we both pay attention to what is coming in and out of the bank accounts - I need to find a way to purchase the ring without her knowing. Mainly because I don't want her to know that I am getting ready for the proposal.
So my thoughts were to maybe apply for a credit card that has a long interest free period plus no annual fee, purchase the ring and then once I propose I can just transfer the money needed onto the credit card - then cut it up and cancel the account. Would this work?
I found a Commonwealth Credit Card that has these features:
* 5.99% p.a. for the first 5 months on balance transfers
* Up to 55 days interest-free period on purchases.
* Pay no annual fee for Commonwealth Bank customers who take up a new Low Fee credit card and spend $1000 or more per year
CBA seems like a good choice because I currently have an account with them too.
Personally, I don't really like the idea of getting a credit card. My last one was good to have but I realised that I didn't need one and it would only lead to bad habits. So I have every intention to cancel this card once it has served its purpose!
Thanks everyone,
Andrew.
Well I have been with my partner for nearly 4 years this May and basically the time has come to 'pop' the question (expressions are something like that haha)! The ring has been designed through a friend of a friend and came to a modest $2500. Anyway, since our finances are all together and we both pay attention to what is coming in and out of the bank accounts - I need to find a way to purchase the ring without her knowing. Mainly because I don't want her to know that I am getting ready for the proposal.
So my thoughts were to maybe apply for a credit card that has a long interest free period plus no annual fee, purchase the ring and then once I propose I can just transfer the money needed onto the credit card - then cut it up and cancel the account. Would this work?
I found a Commonwealth Credit Card that has these features:
* 5.99% p.a. for the first 5 months on balance transfers
* Up to 55 days interest-free period on purchases.
* Pay no annual fee for Commonwealth Bank customers who take up a new Low Fee credit card and spend $1000 or more per year
CBA seems like a good choice because I currently have an account with them too.
Personally, I don't really like the idea of getting a credit card. My last one was good to have but I realised that I didn't need one and it would only lead to bad habits. So I have every intention to cancel this card once it has served its purpose!
Thanks everyone,
Andrew.