Ok so we are planning on purchasing a used vehicle for no more then 16k. We have the cash in hand and so it got me thinking.
What options are there to fully take advantage of this situation?
My only thought is if I could I put it all on a 1.5% cashback credit card and then pay that card off in the first month and get a small reward back.
I do not even know if this is an option. If that is the case putting it all on a credit card, travel miles? But if I had to choose between travel miles and cash wins.
Is there any other opportunity I am not thinking of?
Currently we have about twice the amount of the purchase price in an account earning .75% interest.