Need some advice on a credit card I have?
Ok, so I am in college and my laptop took a fall that killed it and I was told that it would be cheaper to buy a new one instead of repairing my old one.
I went into Best Buy looking at laptops and they said that if I apply for their credit card, I would get 2 years of no interest if my purchase is over $ 1000. So of course, I wanted a laptop NOW and I applied for the credit card and got a balance of $ 1,062 on it.
Now, I have the money to pay it off right away…. but should I?
Are there any hidden costs that I should be worried about?
When they say 2yrs no interest… does that mean that if I pay it off within 2yrs I will only pay $ 1062?
I guess I just need some advice on this. I DO NOT want or intend to use this credit card for anything else. I just do not want to lose any money off of this. After the balance is at 0, I want to cut up the card.
How do I go about doing this?
anything helps, and thank you in advance.