What impact does a large purchase with an immediate payoff have on a cashback reward and credit score?

What happens if I make a big purchase on my credit card?

You’ll add positive behavior to your credit history and might earn a stash of cash back or points. On the other hand, if you end up paying off the purchase over time, you’ll be charged interest on your debt.

What is the best way to pay for a large purchase?

While you can pay with cash, you may not have enough money on-hand to cover the cost of a large purchase. A credit card is likely your best bet for financing big purchases since you can earn rewards and benefit from an interest-free period.

How long should you wait before making a big purchase?

Can you wait for a minimum of 24 – 48 hours to see if the desire lessens or even passes? The more it costs, the longer you should wait. If you wait a day or two for smaller items, you may find that the desire to purchase it passes. For larger items, try to wait even longer, weeks, or maybe even a month.