Application for Ethan Allen credit card or something else?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Joined: Sat May 11, 2013 7:23 pm
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Application for Ethan Allen credit card or something else?

Postby helena » Sat May 11, 2013 7:32 pm

I am in the process of building a new home and when it’s finished I plan on getting all new furniture to go with it (hey when you’re spending money on a custom home, might as well spend a little more for all new furniture to match). My question is do you think the GE Ethan Allen credit card is the best way to go?

The application lists a 36 month financing offer which presumably you probably need great credit for, as do have.

Get 36-month, no-interest financing on all items at Everyday Best Prices.
Offer applies only to qualifying purchases made with Ethan Allen Finance Plus Card. No interest will be charged on promotional purchases; 36 fixed monthly payments equal to 2.778% of promotional purchase required until promotional purchase is paid in full. Payment will be rounded to next highest whole dollar and may be higher than minimum payments required if purchase was nonpromotional. Regular account terms apply to nonpromotional purchases. New account purchase APR: 29.99%. Minimum interest charge: $2.00.

The problem is there are no rewards that APR outside of the promotion is 29.99%.

Would it be more beneficial to apply for a Visa card that gives 0% and some sort of new account rewards bonus? (cash or miles)

Since the furniture purchase will be upwards of $5000 (at least) for the pieces I would get from Ethan Allen, any bonus that requires $X in purchases, that requirement would be easily filled. The downside is those cards have shorter 0%. Assume the purchase would be paid off in around a year and a half to 2 years.


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Postby mdl28 » Sat May 11, 2013 11:08 pm

No pass on thr furniture card. It will give you a CL of what you are wanting to spend and then will be maxed out once furniture is purachased. Apply or use am existing card that has a higher CL and a 0% apr intro and then a low fixed apr after. It will be better untilization of your credit / debt ratio. Good luck and enjoy the new home and furniture. And GE sucks.

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