(Closed) Cash or Credit?

posted 7 years ago in Rings
  • poll: Cash or Credit to buy an Ering?

    Cash

    Credit

    Other, explain

  • Post # 17
    Member
    13896 posts
    Honey Beekeeper
    • Wedding: November 1999

    DH used a rewards card and paid it all off immediately.  Might as well get the rewards points!

    Post # 18
    Member
    1300 posts
    Bumble bee
    • Wedding: October 2014

    Cash. I don’t believe on putting anything on cards unless it’s for points like some people do and can pay it off right away.

    if SO coulsnt have paid cash I would have either told him to get a cheaper ring or keep saving and I would be willing to wait. 

    Same thing will go for our wedding.

    Post # 19
    Member
    11736 posts
    Sugar Beekeeper
    • Wedding: November 1999

    We did a combination of cash and credit. Paid 75% cash and put 25% on a 0% interest credit card from the store since we got a discount for opening the card.

    Post # 20
    Member
    9801 posts
    Buzzing Beekeeper
    • Wedding: September 2013

    I would put my on my credit card to get points and then pay it off with cash.

    I don’t mind 0% interest credit cards either and I use them every once and while.

    Post # 21
    Member
    2854 posts
    Sugar bee
    • Wedding: August 2015

    Fiance was looking to get a new CC (only had one plus one or two store credit cards) so he opened one up that had 15 months 0% interest and used that to buy my ring. He was able to get a lot of points on it and still has almost a year to pay it off without interest. He does, however, have enough saved up to pay it off right away. He just wanted to get a new card and get points on it.

    Post # 22
    Member
    6578 posts
    Bee Keeper
    • Wedding: October 2013

    I know this is the unpopular view but we put our rings on credit. Paid them off in ~4 months.

    Post # 23
    Member
    2942 posts
    Sugar bee
    • Wedding: May 2014

    My fiance used a 0% interest for 12 months CC.  He is okay at saving, but he tends to put so much towards is student loans every month that he would look at a savings account with the amount of money it took to buy my ring and just use and forget what he was saving for, and put it against his loans.  Not the worst thing in the world, but would never lead to us buying a ring. 

    Post # 24
    Member
    3339 posts
    Sugar bee
    • Wedding: April 2013 - Rhode Island

    View original reply
    @pinkshoes:  +1

    View original reply
    @NYCkindaBee:  It’s important that if you choose to use a credit card, that you can pay off the entire bill when the statement comes so as not to accrue 20% or more in interest.  My husband got a 6 month no interest loan to pay for the ring.

    Post # 25
    Member
    1287 posts
    Bumble bee
    • Wedding: June 2012

    MasterCard so we could get the cash back reward, but it’s a debit card to that account so it was paid immediately.

    Post # 26
    Member
    1475 posts
    Bumble bee
    • Wedding: June 2013

    View original reply
    @pinkshoes:  +1

    I voted credit, but its not like we put in on a card because we couldn’t afford it – I just like getting the points! We paid it off before being charged interest.

    Post # 27
    Member
    3551 posts
    Sugar bee
    • Wedding: August 2014

    My ring went on a debit card. So kinda like a credit card, but much more similar to cash.

    Post # 28
    Member
    1542 posts
    Bumble bee
    • Wedding: June 2013

    DO NOT go into debt for your engagement ring. We did both – cash for the first ring, zales card for the new setting and then cash for both our wedding rings. That ring just doesn’t feel quite right having that debt that i have to pay every month. I think i’ll like the ring a lot more when i actually own it. Theres 0% interest until february but we’ve still got like 1k left to pay on that damn thing. i feel like i’m staring at debt every time i look down. Not to mention i am essentially paying for my ring now since we’re married with a joint account and still paying the bill.

    Post # 29
    Member
    294 posts
    Helper bee
    • Wedding: May 2013

    Cash!

    Although he went three times, cause he didn’t feel comfortable walking around with $45000, haha. 

    Post # 30
    Member
    5373 posts
    Bee Keeper
    • Wedding: June 2014

    View original reply
    @pinkshoes:  +1!

    Post # 31
    Member
    3771 posts
    Honey bee
    • Wedding: October 2012

    Credit card… but only to get the points. It was paid off almost instantly.

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