But how would you choose? It’s not like there’s multiple company options for no interest promos. It means you’re no longer doing that at GC, MF, Sweetwater and who knows else. Plus as I discovered with other promo purchases, Lazy Boy and the plumbing company that did my water line.Just spoke with a synchrony agent. This will only apply to future purchases, not if you are already on a zero finance plan. Guess Im not using them anymore.
Hopefully enough people will chose not to finance and they will remove that 2% fee. I just won’t finance thru them anymore, use a different card and pay it off…But how would you choose? It’s not like there’s multiple company options for no interest promos. It means you’re no longer doing that at GC, MF, Sweetwater and who knows else. Plus as I discovered with other promo purchases, Lazy Boy and the plumbing company that did my water line.
Well, your regular CC is 15-19%. That’s a hell of a lot more than 2%, even if you pay it off in 12 months vs. an 18 month promo. Bottom line is they know they have a lot of musicians by the balls on this.Hopefully enough people will chose not to finance and they will remove that 2% fee. I just won’t finance thru them anymore, use a different card and pay it off…
Personally, I dont put anything on my credit cards unless I can pay it in full that week. The credit card is just a medium of exchange for convenience.Well, your regular CC is 15-19%. That’s a hell of a lot more than 2%, even if you pay it off in 12 months vs. an 18 month promo. Bottom line is they know they have a lot of musicians by the balls on this.
I just logged onto my Synchrony account, where it lists all my various cards and I can't find any mention anywhere of the 2% fee. Kind of thinking of using my PayPal Credit a big purchase, but a 2% fee will be a deal killer for me.
ThanksPer my Sweetwater rep, it applies to new transactions only. The 2% won't be retroactively charged.
I don't like the idea of buying anything I can't pay for up front. Part of that from the hard lessons of terrible decisions when I was younger. With the 0% finance deals, you're still paying for the financing, whether you know it or not. It's built into the markup of whatever it is your buying, and the merchant is then funding the financing with your dollars. That's typically why MF, GC, Sweetwater, and others, don't offer the same financing deals on sale/used/discount items. Even when they do, there's still enough markup to pay the bank for the use of their money. I replaced my HVAC last year, and the contractor offered 0% financing (carried by Synchrony, of course), or I could just pay in full for ~10% off. The whole 0% financing thing is just misdirection for people who are averse to paying interest. You're still taking the pill, they're just wrapping it in cheese and hoping you don't notice it.
This is what AmEx is for. We pay for a lot of stuff with the AmEx and then just pay that in full the next statement period. You get a lot more protection through them and it has other benefits especially if you fly Delta.Personally, I dont put anything on my credit cards unless I can pay it in full that week. The credit card is just a medium of exchange for convenience.
I actually pay off my credit card every week, always making sure I leave a small balance on the day when the bill rolls over.