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18 Posts
I know im going to open a huge can of worms here - but hear me out!
If you didn't catch me on the intros - I'm Mike, 35, living out in Seattle. Started riding at 14 or so on a 80cc dirt bike. Over the years I had a ninja 500, hawk gt, cbr 600, and VFR800. Haven't had a bike in a few years - but a recent trip to Thailand gave me the itch again! (cause there's tons of scooters and bikers zooming around everywhere).
Back to the point. I have more than enough money to go buy a bike, gear, insurance, etc. But im always looking for opportunities to kill multiple birds. I looked into some loan options to further improve my credit, and came across an idea to put it on a credit card with a nice long 0% intro term and maybe one of those instant $150 credits when you spent 3k in the first 90 days or something (that's a shiny new helmet, courtesy of the credit card company!! Lol). That way I could continue to improve my already great credit, I would hold the title, and I could pay it off with no interest. I would 100% be creating my own payment plan to get the balance paid before the 0% intro is over.
Coincidentally - my wife and I have been talking about adding a third card to our wallets. We currently use a 2 card combo that combines travel credit - which we've had for a handful of years. We have no other debt and have never paid 1 penny in interest on these cards. We actually make money off these cards with the traveling we do. We've just been wanting to add another card that has some different kinds of rewards - like a decent cash back rate.
So the question is - has anyone done this for a bike before? If so - any specific things to look out for that I may have overlooked? Any card recommendations?
I know how these credit card convos go - so go easy! Lol. Im not trying to find a way to buy something out of my means - so that's not an issue here.
For a little more context - I will probably not buy new. I'm into DIY (although I'm not a pro mechanic) so I like to have something to tinker with. Probably going to go for a smaller street bike, like 250-400. I used to want the power back when I flew copters (can't be a pilot and cruise a little bike haha) - but now I'm just about the cruise. So I won't be spending 5 figures or anything. More like a few grand.
Thanks for reading/helping!!!
If you didn't catch me on the intros - I'm Mike, 35, living out in Seattle. Started riding at 14 or so on a 80cc dirt bike. Over the years I had a ninja 500, hawk gt, cbr 600, and VFR800. Haven't had a bike in a few years - but a recent trip to Thailand gave me the itch again! (cause there's tons of scooters and bikers zooming around everywhere).
Back to the point. I have more than enough money to go buy a bike, gear, insurance, etc. But im always looking for opportunities to kill multiple birds. I looked into some loan options to further improve my credit, and came across an idea to put it on a credit card with a nice long 0% intro term and maybe one of those instant $150 credits when you spent 3k in the first 90 days or something (that's a shiny new helmet, courtesy of the credit card company!! Lol). That way I could continue to improve my already great credit, I would hold the title, and I could pay it off with no interest. I would 100% be creating my own payment plan to get the balance paid before the 0% intro is over.
Coincidentally - my wife and I have been talking about adding a third card to our wallets. We currently use a 2 card combo that combines travel credit - which we've had for a handful of years. We have no other debt and have never paid 1 penny in interest on these cards. We actually make money off these cards with the traveling we do. We've just been wanting to add another card that has some different kinds of rewards - like a decent cash back rate.
So the question is - has anyone done this for a bike before? If so - any specific things to look out for that I may have overlooked? Any card recommendations?
I know how these credit card convos go - so go easy! Lol. Im not trying to find a way to buy something out of my means - so that's not an issue here.
For a little more context - I will probably not buy new. I'm into DIY (although I'm not a pro mechanic) so I like to have something to tinker with. Probably going to go for a smaller street bike, like 250-400. I used to want the power back when I flew copters (can't be a pilot and cruise a little bike haha) - but now I'm just about the cruise. So I won't be spending 5 figures or anything. More like a few grand.
Thanks for reading/helping!!!