Being said, I plan to purchase a ring from either Blue Nile or White Flash in the next two months. I know what the kind of ring she wants, I have the money already saved for it and this post is on the actual purchase of the ring.I receive a dividend every day on the "investment" in my spouse's ring. Every once in a while there is a capital gain distribution when someone notices her ring and she smiles and shows it off.
Has anyone ever ordered from WF or BN and bought the ring on their credit cards for cash back or is this an insane thought?
My thought is to purchase the ring on the credit cards and immediately pay off the balance. Cash back is cash back, right?
I realize my credit would take a hit but I'm not looking to purchase a house or car in the next year or so...am i overlooking something?
Edit: Thanks for everyone's advice! One thing I did overlook was that by doing a wire transfer instead would save me more than what my credit card reward would offer