January 19, 2017
It completely depends on how much you spend per year. If the value of the points that you receive per year equals or exceeds the rate of the credit card, then that is your best option.
Gomacs (rep: 87) posted Jan 15, 2011
ok but i mean if i was going to buy something for $2000 is it better to get the credit card reward points of whatever like 1% or whatever they give you these days or is it better to take the 0% financing deal and put the money in the bank or CD and get whatever thats paying now 1% or whatever
horrorfreakshow (rep: 2k) posted Jan 15, 2011
If you pay off the 2 k before before you start paying intrest by all means put the money in a CD and take the reward points. If you do not intendend to pay the bill off before the 0% goes away it is not a really great deal, considering instrest rates are 12 to 30% and they will go back to the date of purchase to charge the intrest rate on the remaining balance. I hope this helps.
skaro964 (rep: 24.6k) posted Jan 18, 2011
no you can have either 0% loan financing for 12 months OR get the credit card reward points not both, one or the other. Which is best?
horrorfreakshow (rep: 2k) posted Jan 18, 2011
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