topic Re: Sleep Number Store in Credit Card Approvals

Sleep Number Store

Anonymous — Sun, 27 May 2018 04:23:39 GMT

After much anticipation and debate we decided to take the plunge and finally purchased an adjustable smart sleep number bed. They are having a Memorial Day Sale through monday so we thought it would be a good descion to do now, we ended up saving 650.00 off our purchase. They offered 36 month 0% interest and a CL of 10K I had planned to stay in the garden but the offer was a good one. I will pay it off in the next few months as I don't typically carry balances. Can't wait for our new bed system to arrive now Just wanted to share! The process was super quick and the staff was excellent!

Re: Sleep Number Store

Anonymous — Sun, 27 May 2018 04:56:18 GMT

@Anonymous wrote:
After much anticipation and debate we decided to take the plunge and finally purchased an adjustable smart sleep number bed. They are having a Memorial Day Sale through monday so we thought it would be a good descion to do now, we ended up saving 650.00 off our purchase. They offered 36 month 0% interest and a CL of 10K I had planned to stay in the garden but the offer was a good one. I will pay it off in the next few months as I don't typically carry balances. Can't wait for our new bed system to arrive now Just wanted to share! The process was super quick and the staff was excellent!

Congratulations on the bed, but you didn't give very good data points.

Who is the bank that backs your sleep number account?

Your CL is 10k, what did the bed cost and what will the utilization be on the card?

Did they HP?

Which bureau?

Re: Sleep Number Store

avp99 — Sun, 27 May 2018 11:34:37 GMT

Congrats! what bank provides the financiing for Sleep Number? I have had my eye on one for a while now. In fact I am in the market for a new bed after I close in a couple of weeks.

Re: Sleep Number Store

Anonymous — Sun, 27 May 2018 15:52:11 GMT

The bank Sleep Number uses is Synchrony Bank. The Bed & Base was just over 5k.

It was a HP and for me they just pulled Ex but was told it's random. They often pull EQ. My FICO 8 on EX at the time of pull was 775.

I will be making a payment of 3k as soon as I can access the account so I don't tank my UTL on that account and pay off the balance in the next few billing cycles most likely. My over all UTL is normally always between 1% and 3% and I always PIF. The 0% interest sale is through monday should any be interested. The length of the 0% finiancing terms depends on your total purchase amount.

Re: Sleep Number Store

Loquat — Sun, 27 May 2018 16:19:58 GMT

Congrats on the purchase OP. I love my current Sleep Number. I've had it for a little over a year now and can say that it was well worth it. I hope your experience is that of my own as I use to think Sleep Number was a bit overrated...but like you, I decided to take the plunge last year and very happy that I did. Enjoy your new bed when it arrives!

Re: Sleep Number Store

Anonymous — Sun, 27 May 2018 18:02:02 GMT

@Anonymous wrote:
The bank Sleep Number uses is Synchrony Bank. The Bed & Base was just over 5k.
It was a HP and for me they just pulled Ex but was told it's random. They often pull EQ. My FICO 8 on EX at the time of pull was 775.
I will be making a payment of 3k as soon as I can access the account so I don't tank my UTL on that account and pay off the balance in the next few billing cycles most likely. My over all UTL is normally always between 1% and 3% and I always PIF. The 0% interest sale is through monday should any be interested. The length of the 0% finiancing terms depends on your total purchase amount.

Very good.

The DW purchased us a Tempurpedic with a foundation last year. Total was around $7200.00. Tempurpedic directly were offering 0% financing through Wells Fargo tempurpedic revolving line of credit card card for 48 months. Was approved for 15k. Put the $7200.00 on the card and paid 3k before the statement cut. Paying off the $4200.00 at $300 a month interest free!! Will be paid years before the 48 months comes along.

Re: Sleep Number Store

surferchris — Sun, 27 May 2018 19:35:32 GMT

Congrats

Re: Sleep Number Store

Anonymous — Sun, 27 May 2018 20:25:38 GMT

Congrats, I guesss? I never would have fathomed paying over $5k for a bed. Nor even close to $1k. lol

Something about taking out such a high LOC for a sleeping apparatus doesn't sit well with me. I know experts say that you spend half your life there, so why not think of it like a luxury item, or car etc. I've just not seen any data to support them charging such a high amount, versus a decent traditional bed. Though I guss it's just another item meant to put people in debt, just to be able to live...

It also figures that the Bank is SYNCB. After recent dealings with them, I'm not to eager to do business again.

Especially as a CC type loan. IMO, this should be fixed installment Loan, not a revovling type. Thus affecting utilization.

That said, I hope you sleep well on it!

Re: Sleep Number Store

Loquat — Sun, 27 May 2018 21:21:50 GMT

@Anonymous wrote:
Congrats, I guesss? I never would have fathomed paying over $5k for a bed. Nor even close to $1k. lol
Something about taking out such a high LOC for a sleeping apparatus doesn't sit well with me. I know experts say that you spend half your life there, so why not think of it like a luxury item, or car etc. I've just not seen any data to support them charging such a high amount, versus a decent traditional bed. Though I guss it's just another item meant to put people in debt, just to be able to live...

It also figures that the Bank is SYNCB. After recent dealings with them, I'm not to eager to do business again.
Especially as a CC type loan. IMO, this should be fixed installment Loan, not a revovling type. Thus affecting utilization.

That said, I hope you sleep well on it!

I'll be the first to say that I was exactly like this...always thought that spending lots of money on a bed wasn't crazy but not something I would ever see myself doing. Let me know you...I was wrong on every level. I don't need a doctor or professional to tell me now how important a decent bed is to *my* quality of life. It has made a huge difference and I will never sleep on the previous box of rocks that I spent way to much of my life on.

Re: Sleep Number Store

Anonymous — Sun, 27 May 2018 23:56:15 GMT

I recently purchased a new mattress (not a Sleep Number) but can attest to the night and day difference a mattress makes--energy has increased, restfullness has increased, there are no more random aches and pains (I'm a millenial. There shouldn't be any pain present. Lol.). It was the mattress.

It was the best purchase I've made in several years and as soon as it becomes necessary again, I will immediately do it again. Granted, my purchase was in the $1K range not the $5K range but I understand why someone would pay that much. Research or not, it does make a difference for a lot of people. Your body will be the true judge of it.

Re: Sleep Number Store

Anonymous — Mon, 28 May 2018 03:49:16 GMT

Is the account through Synchrony a revolver or a CFA? Furniture type stores have been known to hit people with CFAs at times and most don't even realize it.

Re: Sleep Number Store

Anonymous — Mon, 28 May 2018 05:17:30 GMT

Thank you! It was a well researched though out descion. My parents have had one for years and love it.

They have found it very therapeutic and recommended it to us as we have similar sleep issues. I am anxious

for a restful good night sleep!

Re: Sleep Number Store

Anonymous — Mon, 28 May 2018 05:23:58 GMT

@Anonymous wrote:
Congrats, I guesss? I never would have fathomed paying over $5k for a bed. Nor even close to $1k. lol
Something about taking out such a high LOC for a sleeping apparatus doesn't sit well with me. I know experts say that you spend half your life there, so why not think of it like a luxury item, or car etc. I've just not seen any data to support them charging such a high amount, versus a decent traditional bed. Though I guss it's just another item meant to put people in debt, just to be able to live...

It also figures that the Bank is SYNCB. After recent dealings with them, I'm not to eager to do business again.
Especially as a CC type loan. IMO, this should be fixed installment Loan, not a revovling type. Thus affecting utilization.

That said, I hope you sleep well on it!

I know some may feel that 5k is a lot to spend on a bed, but getting quality sleep is important. We have a very busy lifestyle

and sleep has been a real struggle due to many reasons. This will allivate many of those issues in my opinion. As for Synchrony

I have never dealt with them before. It is actually an fixed installment and not revolving although the do offer that as well but they gave me the installment due to the amount. I can't say we would be making any additional purchases there as we bought the complete system.

Re: Sleep Number Store

Anonymous — Tue, 12 Jun 2018 19:04:26 GMT

We bought a Sleepnumber bed during the Memorial Day Event too. We love our new bed! It's well worth it at 0%. We are doubling up on the payments to get it paid off faster. Thankfully we have enough credit to keep our UTI under 10%.