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Buds Financing Card
- Thread starter Twigs199
- Start date
GE Capital also offers a program called Care Credit that is accepted at places like dentists, opticians, hearing aid retailers, and veterinarians. I am familiar with it from both sides - I accept it at my veterinary clinic and I have made purchases of medical services and supplies with it. It also offers a six-month same-as-cash option, and my bet is that the terms are the same or quite similar.
I can tell you that they charge the provider a fee that is much in excess of other credit cards, so you should not expect any further breaks on price, shipping, etc.
I will also warn you that if your purchase has not been paid off in full at the exact 6-month cutoff, you will pay a very high interest rate (25 to 30 percent) on the full amount of the purchase all the way back to the purchase date. My advice, if you do it at all, is to immediately start making monthly payments of 20% of the purchase price so that you are certain that the purchase is paid off well before the six-month deadline even after processing times are considered.
I can tell you that they charge the provider a fee that is much in excess of other credit cards, so you should not expect any further breaks on price, shipping, etc.
I will also warn you that if your purchase has not been paid off in full at the exact 6-month cutoff, you will pay a very high interest rate (25 to 30 percent) on the full amount of the purchase all the way back to the purchase date. My advice, if you do it at all, is to immediately start making monthly payments of 20% of the purchase price so that you are certain that the purchase is paid off well before the six-month deadline even after processing times are considered.
You might also want to check to see if they provide for a charge-back (like VISA and Mastercard) in case you have difficulty with a bad seller.
I am a physical conservative with my personal financial matters. I will not consider a non-necessary item for credit, lay-aways or etc. Toys and luxury items are paid for up front with out of pocket funding.
But with that said, to each his or her own.
I am a physical conservative with my personal financial matters. I will not consider a non-necessary item for credit, lay-aways or etc. Toys and luxury items are paid for up front with out of pocket funding.
But with that said, to each his or her own.
Layaway. Should unforseen events occur, you may lose the deposit but you won't be in debt and won't get a black mark on your credit history. I've used it to buy guns that were not commonly available or at very good prices. I do not believe is borrowing (credit cards) for these types of purchases.