(Closed) Cash or Credit?

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

    Cash

    Credit

    Other, explain

  • Post # 47
    Member
    123 posts
    Blushing bee
    • Wedding: January 2015

    Surprised that no one has mentioned this one yet- loan from family.  (Interest free; paid back w/in about four months.)  

    Post # 48
    Member
    1784 posts
    Buzzing bee
    • Wedding: June 2014

    @NYCkindaBee:  I know my fiance opened a Kay’s Card with 0% interest for lway longer than we needed to pay it off. I know that’s not for everyone but we love 0% interest and rarely use cash. If it’s a large purchase we make sure we can afford to put it on our Chase Freedom for the points and pay it off before our next statement rolls around. However, my mother is BAFFLED by why we do that and only uses cash for pretty much everything. I’m not certain if it’s generation or not.

    Post # 49
    Member
    1427 posts
    Bumble bee
    • Wedding: June 2010 - parent\'s backyard

    he paid for it with a credit card to get the points, and paid the card off in full at the end of the month.  he could have paid in full with cash if he wanted. 

     

    Post # 50
    Member
    686 posts
    Busy bee
    • Wedding: August 2014

    Cash – Brian Gavin has a wire transfer discount which would have been more than the 1% cash back on our credit card. 

    Post # 51
    Member
    192 posts
    Blushing bee
    • Wedding: November 2014

    Credit card for the points! Of course, always have enough cash on hand to be able to pay it off right away. We do not have this, but my friend just got a Doscover card with 2% back on everything. It only has a $4000 limit though, so that might factor into your decision. That’s the best cash back I’ve ever seen! Anyone know of anything better?

    Post # 52
    Member
    1675 posts
    Bumble bee
    • Wedding: July 2012

    We put everything on credit to get the cash back points. DH gets 2% back – on an ering that’s quite a bit!

    Post # 53
    Member
    9950 posts
    Buzzing Beekeeper
    • Wedding: December 2012

    I VOTED – CREDIT CARD

    Agree with the other Bees, paying for large purchases (Jewellery, Appliances, Vacations) are things you want to put on a CC to protect yourself.  In so much as you`ll have better legal recourse & a strong papertrail if something should go terribly wrong.  AND BONUS if you have a card that gives some sort of Loyalty Points then all the bettter…

    In our case, Mr TTR paid for my Setting & Diamond with his CC.  And as he had the money elsewhere put aside, it was just a matter making some transfers to pay it off afterwards. (we don`t carry CC Debt)

    Lol, and the CC Loyalty Points meant we were able to have a Night in a Posh Hotel to celebrate after we picked my ring up 2 weeks later once the diamond had been set.

    Yippee !!

     

    Post # 54
    Member
    431 posts
    Helper bee
    • Wedding: December 2012

    I voted ‘other’ because we have mine on layaway. We don’t have to pay any interest charges and by paying little by little in cash, our jeweler is knocking off the tax for us. 

    Post # 55
    Member
    5658 posts
    Bee Keeper
    • Wedding: August 2012

    Credit for the benefits, but only if you have the cash to pay the charge. My DH put it on credit for miles.

    Post # 56
    Member
    12244 posts
    Sugar Beekeeper
    • Wedding: May 2013

    On the card for points, then paid off!

    Post # 57
    Member
    85 posts
    Worker bee
    • Wedding: February 2015

    My Fiance paid £1000 cash and the other £1100 was on interest free finance for 6 months.

    Post # 58
    Hostess
    8574 posts
    Bumble Beekeeper
    • Wedding: October 2014

    We used cash. We only use credit cards for credit building or emergencies.

    Post # 59
    Member
    170 posts
    Blushing bee
    • Wedding: August 2014

    Cash

    Post # 60
    Member
    2036 posts
    Buzzing bee

    @NYCkindaBee:  CASH.

    It’s taking FOREVER….but, I respect SO’s diligence in saving cash money for it.  

    Post # 61
    Member
    294 posts
    Helper bee
    • Wedding: May 2013

    View original reply
    @NYCkindaBee:  haha, no 45000 with 3 zeros. haha

    The topic ‘Cash or Credit?’ is closed to new replies.

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