Any reason not to do 0% financing?

[riverwed070707]

I’m getting lasik in Thursday. I’ve been wanting to do it for about 10 years. Eyesight leveled out about 4 years ago but I put it off because it’s it’s SO expensive, especially with astigmatism. Anyway, finally pulling the trigger. I had planned to pay out of pocket. Cost estimate came in right about what I was expecting, if not a little lower but the place I’m going has 0% interest for 12 months. I asked about a cash discount but no luck. Any reason not to spread the payments out to lessen the hit?

[Nutria]

If you have the money (and you say you do), and the price is reasonable, then I see no reason not to.

One thing I would do is to put the money in a separate savings account and pay the bill from there. This way, you're keeping the cash, spreading out the payments, while effectively taking the money "off the books".

[corn18]

Pay with a 2% cash back credit card and be done with it.

[Nutria]

Pay with a 2% cash back credit card and be done with it.

Presumes that she has a 2% cash back CC.

[disneysteve]

As long as you don't mind the pull on your credit report, I see no reason not to do it. And you can still make the payments with your rewards credit card so you don't lose that perk.

[rennigade]

It depends on the circumstance. If you're flirting with not have a large enough emergency fund...then do the 0% for 12 months.

If you're looking to sit that money somewhere else to earn interest...I personally wouldnt bother. Lasik is around $5kish...safe saving account earning 1.75% interest. Does that even amount to $80/year?

https://thepointsguy.com/card-details/citi-thankyou-premier-card/?tid=post

You could sign up for a credit card like this, citi premier card, earn 60,000 points after you spend $4k in 3 months. No annual fee for first year. You can then redeem those points for over $600 in gift cards.

These are the gift cards you can get: https://rewards.thankyou.com/b2r/Lan...ll&src=TYUSENG

Dont step over dollars to pick up dimes. Get a rewards credit card, charge the bill in full, pay off credit card, redeem points for gift cards, cancel credit card before 1 year is up.

[riverwed070707]

Good call on opening a new card for better rewards. I hadn’t thought of that. My current card is only 1% cash back except on the quarters categories.

[rennigade]

Good call on opening a new card for better rewards. I hadn’t thought of that. My current card is only 1% cash back except on the quarters categories.

No prob...thats the best time to open one. When you have a large bill that will meet the spending requirement with one swipe. My wife and I each signed up for this card when we had hardwood floors installed. It wasnt cheap but it was nice to know we could get over $1k in gift cards to somewhat offset the price.

[Fishindude77]

If you've got the money dedicated for this why not just pay if off, rather than having a bill hanging over your head. It's not like you are going to earn a bunch of money by financing this.