Sears is advertising their Winter Woodworking Event, which as far as we can tell is a no-interest incentive to load up your Sears card with more than $300 worth of gear, plus the added come-on of a 10% cash-back rebate. We’re wondering if financing tools like this is such a hot idea.
I can certainly see putting a tool on a card if you’ve got to have it to get the car running the next day — or if you just about have the money to buy that new hand tool set and want to pull the trigger a month early. But is loading up a balance a good idea, even with the promise of long repayment deals and discounts? Some folks might depend on this type of deal to get what they need, but I’m willing to bet they’re in the minority.
You tell us: Is this a great plan or more of a budgetary sucker punch? Let us know in comments.
Winter Woodworking Event [Sears]