POLL: WHICH IS BETTER, BEST, OR WORST & WHY?

[GApeachy]

When you are no longer in a promo period and you have a need for one..... Which option below is your preference?  This excludes BT offers and Temp apr reductions.

A.  CREDIT CARDS aka "Majors":  Offers  their own version of BNPL.   ie. "Plan It",  "Extend Pay"? 

B.  STORE CARDS: Open or closed loop, that offer 0% Promos?

C.  CFA'S: Buy Now- Pay Later, Klarna, Sezzle, Afterpay, Affirm, etc?

I'm curious what y'all think...points, scoring, interest, etc.

I'll go first ....I have enjoyed store card promos and recently have taken advantage of both extend pay and plan it.  I'm not sure which is best and I don't know if ccc's frown upon using their plans over and over so I'd like some feedback.  

The CFA's I avoid because of Fico scoring but if I were car shopping....idk...."Finance over Fico" might come into play.

Opinions? 

[Guyatthebeach]

Here are my responses:

The majors: I only use them if the Plan it or extended Pay option is available for free.

The store cards(included store branded Amex/MC/Visa's): yes I do and I make sure the last payment is made way before the promo ends. My Belk MC and Sportsman Warehouse Visa are perfect examples of this. So long Bed, Bath, & Beyond!

CFA's: No because I never liked the idea those types of loans could have a potential negative impact, and normally a store card or regular card was able to get the job done.  

Guyatthebeach

[GApeachy]

@Guyatthebeach I always pay off early too and get screenshots showing I pd off early. 

Also, I didn't know plan it and extend pay were sometimes fee free.  What do I gotta do to get that offer?

[Guyatthebeach]

@GApeachy I get them every once in a while on my Amex Amazon Prime and one of the Cash Magnet Amex's.  Next time I get an over for free, I'll screenshot and post it.

With regards to the store cards, I have to say Citi and Synchrony impress me with good communication on the 0 interest offers.  Comenity could learn a few things from them about store cards.

Guyatthebeach

[GApeachy]

I remember when Comenity had Overstock and the csr said the one thing they didn't do is back date the interest if someone didn't pay it off by the contracted date. I don't remember anything special with Wayfair.  Yeah, I like synchrony a lot.  I use car care all the time...sometimes 2 or 3 different promos on that card. I just pd off two promos last this week...early of course.

Yeah a screenshot would be cool.  I'll have to check into dh's amex to see if he can get an offer sometime like you mentioned. All my amex are biz cards and I don't recall any offers. I usually pif though.  Do you know if they have a pot on a revolver for biz cards like they do for their charge cards?