A few family of mine in ohio recently moved into a a lot of bigger house and after all, that means that it’s time for furniture searching !
Ensuring that concerned swinging by a levin furniture location to firmly worth out a living room set whereas visiting them. it perpetually amazes me how sales reps are so minimally eager to firmly provide you their store’s financing application. whereas the levin credit card isn't inherently worse than most different stores, i’ll say it once more as a result of numerous individuals still don’t fully understand that this straightforward bait may be a hook, line and sinker.
Issued by WFNB or ge capital or comenity ? same difference
previously the levin furniture card was issued by world financial network bank ( WFNB ) however around 2010, they actually switched over to firmly ge money… completely different company, same distinction. t0 makes things more confusing, in 2012 they actually switched to firmly back to firmly WFNB ( who currently operates underneath the name comenity ).
For 2013 the APR within this card is ridicuolous. only how bad is it ? 24. 99%
yes, that’s right… nearly 25% when i looked. the indisputable fact that most store cards have rates within the whole 20’s is bad enough, however nearly 25% credit card interest on a giant ticket furniture purchases is brutal.
0% promotional offers ? be careful
I really know what you’re thinking : “i don’t care if it’s 24. 99% as a result of i'll be taking out a 0% promotion. ”
However here’s why you wish to firmly care : the 0% promotion that ge cash offers within this card needs payment in full just before the time is up to firmly avoid interest.
By way of example if it's “no interest if paid in full inside 36 months” what that really suggests that is the major manner there's hardly any interest is whether you pay the whole thing off throughout that point. and if you really don’t ? well prepare for pain. i’m talking brutal gut-wrenching pain. why ? as a result of the accrued interest from day one will certainly be added on if it’s not 100% paid off in time.
In different words, if there’s a shadow associated with a doubt you can’t pay just before the time is up, then you certainly shouldn’t bite the bait. the application can be straightforward, however it’s not worth it. plain and simple.
Will you qualify for one thing higher ?
if you'll be able to get one thing higher, then there’s no purpose in risking it with your kinds of “no interest if paid in full” offers. go with the use of a major credit card that doesn’t do this.
