quote:
Couple things. First of all, you don't have a Sears Card, you have a Citibank card that has the Sears Logo on it. So Sears is not giving you 20% off for getting a new credit card with them, Citibank is. Sears will get the 20% back from Citibank. And if you think chasing credit card company brownie points is a smart way to build wealth, you're crazy. You may get 0% at Sears, but you'll get like 24% anywhere else you use that card.

Well, they don't offer a discount for paying cash, so using the 0% offer isn't costing me anything any other consumer isn't paying. That disproves your assertion.

And who said anything about building wealth using a store card? You strike me as a douche bag think you know it all type.

This post was edited on 2/20/13 at 5:34 pm

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Posted by Vols&Shaft83

Throbbing Member

Member since Dec 2012

69932 posts

Posted on 2/20/13 at 6:07 pm to LNCHBOX

quote:
Well, they don't offer a discount for paying cash, so using the 0% offer isn't costing me anything any other consumer isn't paying. That disproves your assertion.

And who said anything about building wealth using a store card? You strike me as a douche bag think you know it all type.

Been called a douchebag twice in this thread, I must be hitting some nerves.

And you haven't disproved my assertion, the 0% offer is costing you more than the savvy consumer because even if you are one of 16% that pay off the note quickly, you're still paying full retail price for a product that goes down in value.

Not to mention the added cost of assuming a debt risk, the cost of your time to make the payments, the hassle of junk mail, fraud and identity theft risk.

And while I'm quite positive I don't know it all, I'm 100% sure I know this: I don't have to deal with any of that bullshite with cash.

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