Brand new ps3 slim for $239.99

[darkserpant]

I appologize is this was already metioned. I just came from kmart, and for the rest of this week they are doing a deal where if you apply for a sears charge card wheather you get approved or not you get 20% off. I went there cause they had 1 more slim at the kmart near me. But for some reason they were having computer problems with the sears charge application. After standing there for 10 minutes the lady said do you really want a sears charge. And I said no I just want the 20%. She said good and gave me the 20% off anyway without applying for the sears charge. So I got a slim for $239.00 Don't know if that's the best deal out there but I grabbed it anyway. Hell even if you don't want a sears card apply and then cancel it when you get it. That's an extra $60 in your pocket. And kmart even has layaway.

[langn08]

This is so very tempting

[fatediesel]

Originally Posted by darkserpant

Hell even if you don't want a sears card apply and then cancel it when you get it. That's an extra $60 in your pocket.

It is not wise to get a credit card and cancel it immediately just to save $60. This will harm your credit rating and could cost you thousands in interest if you are applying for a mortgage or loan.

[neos_peace]

Originally Posted by fatediesel

It is not wise to get a credit card and cancel it immediately just to save $60. This will harm your credit rating and could cost you thousands in interest if you are applying for a mortgage or loan.

Not really IMO because you didnt' have the card long enough to establish a rating yet with the card. I'm not credit savy So I really can't say for sure.

[eclimax13]

is this avaialble at sears also

[djgcue]

Originally Posted by neos_peace

Not really IMO because you didnt' have the card long enough to establish a rating yet with the card. I'm not credit savy So I really can't say for sure.

Your opinion is very incorrect. Like fatediesel said if you open an account and cancel it immediately your credit rating will suffer. You need to do your research b/4 posting and looking like an ass!

[Al Bundy]

Originally Posted by djgcue

Your opinion is very incorrect. Like fatediesel said if you open an account and cancel it immediately your credit rating will suffer. You need to do your research b/4 posting and looking like an ass!

Here in Canada that makes no difference if you get a card and cancel it. I'm having troubles to understand why that would affect ur credit. Is there any logical explanation?

[BLUCanadian]

Originally Posted by Timhortons

Here in Canada that makes no difference if you get a card and cancel it. I'm having troubles to understand why that would affect ur credit. Is there any logical explanation?

Some of the things that are used to make your credit/FICO scores dont make much sense... you should look into reading up on how your credit/FICO score is calculated if you never have

[Uniquely]

Originally Posted by neos_peace

Not really IMO because you didnt' have the card long enough to establish a rating yet with the card. I'm not credit savy So I really can't say for sure.

Just the credit inquiry can lower your score by 20 points or more. Not a smart idea just to save $60.

[Glee7007]

It can impact your credit simply because credit businesses are investing in you as a potential customer. If you apply for a credit card or some form of credit, then cancel, it shows you aren't a reliable customer for them. While processing your application can't be too expensive for the credit companies, they've spent some money during the process, and then completely lose out on any incentive for them.

[Al Bundy]

Originally Posted by Glee7007

It can impact your credit simply because credit businesses are investing in you as a potential customer. If you apply for a credit card or some form of credit, then cancel, it shows you aren't a reliable customer for them. While processing your application can't be too expensive for the credit companies, they've spent some money during the process, and then completely lose out on any incentive for them.

That makes no sense. Common Sense ppl, it doesn't hurt your credit. I have canceled cards many times, and actually have 2 non payments and in collections. These landscapers were contracted one year to the house which they were paid in full. 2nd year they came and sprayed the lawn and asked them "who called you to come spray our lawn, I have gone with another landscaper" I haven;t paid em, they went to collections.

Another was with my alarm company. I wanted to cancel but they argued that I have a one year contract (which i did) and must stay with them for the term. After the year was up, I asked them to cancel it. They refused and told me that I have to advise them 60 days before canceling. After telling em to F*CK off! they sent the bill to collection.

I can go out, I can get any credit card, or mortgage, or loan without a fuss, even though these non-payments are on my record. Stop being scared of these creditors.

[azereus]

Originally Posted by Timhortons

That makes no sense. Common Sense ppl, it doesn't hurt your credit. I have canceled cards many times, and actually have 2 non payments and in collections. These landscapers were contracted one year to the house which they were paid in full. 2nd year they came and sprayed the lawn and asked them "who called you to come spray our lawn, I have gone with another landscaper" I haven;t paid em, they went to collections.

Another was with my alarm company. I wanted to cancel but they argued that I have a one year contract (which i did) and must stay with them for the term. After the year was up, I asked them to cancel it. They refused and told me that I have to advise them 60 days before canceling. After telling em to F*CK off! they sent the bill to collection.

I can go out, I can get any credit card, or mortgage, or loan without a fuss, even though these non-payments are on my record. Stop being scared of these creditors.

I somewhat disagree. Every time you apply for credit it can lower your credit score. Having credit accounts open for a short period of time can lower your credit score. etc

There is a whole slew of things that "can" lower your credit score. It's more of an overall picture that counts though. The 2 biggest factors are usually payment history and debt ratio...

[DonRSD]

Originally Posted by darkserpant

I appologize is this was already metioned. I just came from kmart, and for the rest of this week they are doing a deal where if you apply for a sears charge card wheather you get approved or not you get 20% off. I went there cause they had 1 more slim at the kmart near me. But for some reason they were having computer problems with the sears charge application. After standing there for 10 minutes the lady said do you really want a sears charge. And I said no I just want the 20%. She said good and gave me the 20% off anyway without applying for the sears charge. So I got a slim for $239.00 Don't know if that's the best deal out there but I grabbed it anyway. Hell even if you don't want a sears card apply and then cancel it when you get it. That's an extra $60 in your pocket. And kmart even has layaway.

good deal!!!

[dallasjetfan]

It could lower your credit score, but not always because I have done it. I wouldn't recommend it, but then again I wouldn't recommend ever applying for any credit other than a mortgage!!

[Uniquely]

Originally Posted by azereus

I somewhat disagree. Every time you apply for credit it can lower your credit score. Having credit accounts open for a short period of time can lower your credit score. etc

There is a whole slew of things that "can" lower your credit score. It's more of an overall picture that counts though. The 2 biggest factors are usually payment history and debt ratio...

Exactly! For some people credit inquiries or short term accounts may be a inconsquential 5 pt hit. For others who don't have a sterling credit history.... credit inquiries can really ding your score.

[Al Bundy]

Originally Posted by azereus

The 2 biggest factors are usually payment history and debt ratio...

+1

[Glee7007]

Credit always depends on a number of factors...how much credit you have available, how high your balances are, and if you've had any late payments sent to collections (among other things). If you have any of these outstanding on your credit history, simply requesting credit and then canceling will certainly have an impact on your credit score.

If you don't plan to apply for additional credit within a year or more, then none of this will matter at all. However, it's important to remember that cards, even once canceled, stay on your credit report for a period of time. The math used to calculate your credit score will take into account all credit on your history, whether open or not. A closed account in good standing can help your credit score, or depending on your particular situation, this can be harmful to your score.

There isn't a right answer for everyone that could be used as a blanket statement. However, this is not a good practice for most people, especially those without a long credit history (20 years or so).

If one were to constantly open and close cards to get a good deal, eventually you would be denied because your credit history is full of closed accounts, that while in good standing, will report negatively on your score.

[Glee7007]

Originally Posted by Timhortons

I can go out, I can get any credit card, or mortgage, or loan without a fuss, even though these non-payments are on my record. Stop being scared of these creditors.

This of course has everything to do with the rest of your credit history as well.To assume this works for you and will work for others is horrific advice. If someone with little credit had these issues, they would have trouble finding someone to loan to them, let alone trying to get a decent rate.

Your credit seems good enough that you can make a mistake or two and not be impacted. For that to happen the problems you speak of have to be a rarity. Having a few mistakes on your credit isn't the end of the world, and people shouldn't be scared of creditors, but they should be knowledgeable and make every effort to avoid even the slightest issues you could prevent. This is why I would advise not applying for credit and canceling just to save a few dollars.

[oilers000]

One thing that these experts are not sharing with you is that it actually helps your credit to open an account like this sears card, and then leave it open w/o using it. It shows as unused credit, which is a major plus

[Uniquely]

Originally Posted by oilers000

One thing that these experts are not sharing with you is that it actually helps your credit to open an account like this sears card, and then leave it open w/o using it. It shows as unused credit, which is a major plus

Not really. Having a credit card you never use doesn't really show much at all, other than positively impacting your ratio of available credit to total credit line. It would actually provide much more positive impact if it were regularly used to make small purchases, and then paid off each billing cycle.