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Hey guys, caught this letter from citibank trying to sneak into my junk mail. I almost trashed it. Please read it and tell me if it has anything to do with "promotional offers". Pretty deceptive imo.
I have received that same letter in the mail from both Sears and Lowes. To me they are making it clear that if you use one of their promotional offers and it is not paid in full (not even one second late) by the end of the promo date you will incur 100% of finance charges on the entire purchase amount. I purchased my Washer and Dryer from Lowe's with this type offer and paid every month and paid it off a month early and no finance charge at all. This offer was even set up with zero payments but I chose to pay just in case I didn't have 1K by the end of the promotion. Mine was for one year. I think these are great deals. And if you are really good with your money you can sock the 1K away, earn a little interest and then pay when due.
@Charlington wrote:Hey guys, caught this letter from citibank trying to sneak into my junk mail. I almost trashed it. Please read it and tell me if it has anything to do with "promotional offers". Pretty deceptive imo.
@Lel wrote:
Got the exact same letter today. Just might have to take advantage of it, especially if I can get a huge LED TV with payments spread out over 3 years!
I would do it Lel. The 0% interest back in 2007 for 18 months worked perfect for me. After I bought the TV, it went on sale. I contacted Circuit City, and they reduced the price...$941. I paid $52 for 18 months.
@Charlington wrote:Hey guys, caught this letter from citibank trying to sneak into my junk mail. I almost trashed it. Please read it and tell me if it has anything to do with "promotional offers". Pretty deceptive imo.
The letter has everything to do with promotional offers and is not deceptive in the least!