Planning to make a large purchase on my credit card and pay in 12 mths. How will it affect my credit rating?

I have a St George Vertigo Mastercard and I'm planning to make an $11,000 purchase (because it has low interest). I'm planning to pay it off within 12 months and I'm confident I will. My question is since the card like most cards has 55 days interest free and then charges interest thereafter, how will my credit rating be affected by paying off my debt over 12 months? Is it a negative rating?





Should I go for a long-term personal loan instead with high interest? But please note that I'm almost 100% confident I can pay the credit card off in 12 months! Need your advice. Thanks.|||It won't do anything for your credit rating. In Australia your credit rating only shows who you have applied for finance with %26amp; details (eg how much? etc) %26amp; any unpaid debts.





If you don't default on your credit card then you will still have a good credit rating.|||Are you absolutely sure that the credit card interest is lower than a personal loan interest? If it is then go ahead, and no it won't affect your credit rating. The only things that do affect credit rating are unpaid debts long after they are due to be paid. Then you go on to a defaulters register.