The $ 10,000 requirement isn't too bad on the Reserve but for many people the opportunity cost of putting $ 10,000 on the Reserve versus
additional credit cards probably does not make it worth it.
Not exact matches
If you end up with
additional debt from, say,
credit cards, you should
probably try to get rid of that first, as it's almost certainly at a higher interest rate than a subsidized student loan.
It's interesting to note that Dosh is offering 7.5 % cash back on American Express Gift
Cards that are purchased through the Dosh network, so that may provide users with an easy way to earn some extra cash back along with a way to earn some
additional miles or points on your
credit card purchases, plus it will
probably result in a money - making deal.
When you open a new
credit card or loan, you
probably will see your
credit score drop initially just because you add an
additional credit, but that will quickly change.
The why - should - I part involves whether to use the
additional money available, alternatively, for investing or consumption purposes since funds borrowed under mortgage
probably have a lower interest rate than say
credit card debt.
If your
credit card or personal insurance policies provide adequate coverage, the
additional expenses are
probably not worthwhile.