Sam Levitz credit card worth having in 2013 or not?

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mister animatronics
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Location: Tucson, Arizona

Sam Levitz credit card worth having in 2013 or not?

Postby mister animatronics » Mon Sep 16, 2013 1:31 pm

I'm not sure how many folks on here were familiar with Levitz Furniture, but they went bankrupt several years ago.

There were a few stores that survived the bankruptcy and are called Sam Levitz (instead of just Levitz) and they are in the Tucson area. I think there are 3 locations total. I have a credit card account with them, do you think it's worth keeping for a small chain?

They do offer relatively long 0% deferred financing plans but the problem is they are EITHER/OR type of deals. You either get the financing OR you get the discount coupons. You can't use both. Like this is what the deals are right now.

[imga=in-store promotions"]http://creditcardforum.com/images/useruploaded/sam-levitz-furniture-offers.png[/imga]

Because of that, I see little reason in using the credit card from Sam Levitz for another furniture purchase. Because wouldn't I be better off using a 0% offer from a bank card instead and that way, I can take advantage of their discount coupons like 25% off?


mister animatronics
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Location: Tucson, Arizona

Postby mister animatronics » Mon Sep 16, 2013 7:51 pm

Bump. Any point in keeping my Sam Levitz card open?

I have 3 others for the record and am opening another that gives 0% right now.

AMEXPlatino86
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Postby AMEXPlatino86 » Mon Sep 16, 2013 8:24 pm

I remember them when I was younger. They had quite a few stores open. Nonetheless, it really depends on how much furniture you actually need. The 60 months is when you have bought a $1000 worth of furniture (which is not hard to do these days) and also on what you can afford to pay off. It says that they combine the total and split it into 60 equal payments. And 5 years seems to be a bit long to pay off furniture. But the other coupons are based on certain categories.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 776
TU: 774

mister animatronics
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Location: Tucson, Arizona

Postby mister animatronics » Mon Sep 16, 2013 9:03 pm

Thanks. Since i have other cards though do you think it's worth keeping open or have I moved onto bigger and better since. The 25% coupon mostly excludes clearance and I think it covers almost everything else which I prefer over the 0% for 60 months. Now that I can qualify for good bank cards I can use those 0% plans.

AMEXPlatino86
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Location: New York, NY

Postby AMEXPlatino86 » Tue Sep 17, 2013 6:50 am

Well what kind of furniture or furniture sets were you planning on buying?
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 776
TU: 774

Midori
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Location: TX

Postby Midori » Tue Sep 17, 2013 8:40 am

What's your credit limit? If you've got a healthy credit limit on a free card you don't use, I'd keep it.
How long have you had it? If you've had it for a few years, I'd keep it.
Do you have any other store cards? It might have a positive effect on your score if you keep it, just for the diversity in your mix of credit.
I'd keep the card and let them decide whether or not I was using it enough to keep it open. But I wouldn't go into debt buying furniture.



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