So, I have a big medical bill coming for due (about 10k), and I also am in the market for a new credit card to churn. All the new credit cards allow you to do a 0% for X Months on a balance transfer, but I've never really considered that before since I've never had an opportunity to carry a large balance.
Now, I'm thinking to myself, why don't I use an older credit card to pay the medical bill (they take credit cards), then transfer the balance to the new card I'm churning, and enjoy a 0% loan to myself for a few months so my emergency fund doesn't take a 10,000 dollar hit all at once.
Am I crazy to even think this way?
Also, we just had a nasty hailstorm a few weeks back, and I'm having my Insurance install a brand new roof on my house, but my deductible is 1000 dollars, so this is all hitting at once basically, and it's making me freak out a little bit about completely depleting my emergency fund.
(Currently none of this impacts my ability to max out all my other tax advantaged space like 401k, IRA and HSA, but I did throttle back a little bit on extra investing into my taxable account this month).
So, to me it looks like my options are:
1) Pay it in full and forget about it, just build that emergency fund back up
2) Get a conventional loan and whatever
3) Churn a credit card and balance transfer
4) Whatever else I may be missing?
Shower me in face-punches please.