Would you buy a expensive knife on credit?

Discussion in 'General Knife Discussion' started by needler420, Mar 4, 2019.

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  1. needler420

    needler420

    946
    Apr 29, 2011
    I didn't know I had good credit about 770 and now after opening new accounts and making a claim it went from excellent to good at like 720. Not sure how this stuff works. I thought I had no credit or bad credit like 500. Apparently I was born with a 750.

    I just started using credit this last Christmas for Christmas gifts. Debating If I should buy a expensive knife I been wanting. Anyone else buy expensive knives on credit? One I am looking at is $300.
     
  2. morvlorv

    morvlorv Gold Member Gold Member

    587
    Apr 3, 2014
    Only if you can afford it is what i say.
     
    ErocSD, jbmonkey, tyyreaun and 4 others like this.
  3. BD_01

    BD_01 Basic Member Basic Member

    Jun 9, 2016
    ^^^This.

    If you’re going to pay it off at the end of the month, sure.
    Don’t ever make interest payments on a knife.
     
    Railsplitter, tyyreaun, rje58 and 6 others like this.
  4. sixplymaple

    sixplymaple Gold Member Gold Member

    656
    Aug 3, 2018
    Good point about the interest.
     
  5. needler420

    needler420

    946
    Apr 29, 2011
    It's no interest if paid on in full in six months. and a 10k credit limit.
     
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  6. Babyboomer

    Babyboomer

    279
    Nov 25, 2017
    Here’s a pretty good guide to how credit scores work:

    https://studentloanhero.com/featured/how-do-credit-scores-work/

    Note that your score may temporarily go down if you go out and get a couple of new credit cards or open other credit accounts. It will go back up if you establish a good history of repayment.

    So — buy a knife on credit? I like 4mer_FMF’s answer.
     
    betover likes this.
  7. sixplymaple

    sixplymaple Gold Member Gold Member

    656
    Aug 3, 2018
    Then go for it homie! That's my 2cents
     
  8. MM1313

    MM1313

    480
    Dec 24, 2018
    Couldn't agree more and this is definitely one I live by. I think I've only ever purchased a handful of over 150 plus blades on credit, but when I did do so I made sure it was paid off before that month rolled over.
     
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  9. NapalmCheese

    NapalmCheese

    550
    Aug 24, 2006
    Don't accumulate debt.

    Use your credit card to buy everything you need to buy on a day to day basis to accumulate points/miles/cashback and pay it off completely every single month

    Save the debt accumulation for buying a house.
     
    Alsharif, jbmonkey, rje58 and 6 others like this.
  10. mwhich50

    mwhich50 Basic Member Basic Member

    Jan 18, 2011
    No knife payments for me. It's just a hobby.
     
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  11. Mecha

    Mecha Titanium Bladesmith Knifemaker / Craftsman / Service Provider

    Dec 27, 2013
    Oh hi there Mr. Needler420! How you doing this fine evening? Well that's great to hear. Say, Spring is right around the corner, can't wait! This snow nonsense is for the birds, amirite? And you know what Spring means: plants growing all over the place. If there's one thing worse than snow, it's plants growing. I know when plants start growing around me I just grab my huge-ass titanium machete and show 'em who's boss. If you don't have one, then hoo-boy, you're really missing out. Even better is a titanium sword. What, you don't have one? Well take it from me, you don't know what you're missing and should absolutely rectify that deficiency, pronto. Did I ever tell you how dashing you look with that handlebar moustache? Really compliments your wry smile and chiseled jawline.

    [​IMG]
     
  12. Ajack60

    Ajack60 Platinum Member Platinum Member

    Apr 21, 2013
    Only if you can pay it off when the statement is due regardless of the interest rate.
     
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  13. Rykjeklut

    Rykjeklut Gold Member Gold Member Basic Member

    May 23, 2018
    No. To this day I've only bought one thing I couldn't afford straight away, and that was my apartment.
     
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  14. LadyEarth

    LadyEarth

    861
    Nov 24, 2012
    Most Busse knife owners have maxed out credit cards and regular contacts with loan sharks.
     
  15. 21bangbang

    21bangbang

    211
    Jan 19, 2019
    How did you get a 770 before having any credit history? That's not how it usually works. Anyways on topic, never buy wants on credit. It's just a bad practice to get into. Somehow the payoff never happens before the interest kicks in. Imo credit is only for a house, car, and emergencies. Debt sucks, and a knife isn't worth going into debt.
     
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  16. needler420

    needler420

    946
    Apr 29, 2011
    I'm not sure how my credit got so high. Neither does my family. No accounts were previously opened. The first time I did a credit check I expected low and it was high.
     
  17. Craig James

    Craig James

    218
    Oct 30, 2018
    As others have said, if used correctly credit cards make a great deal of financial sense.

    In my household we purchase everything on credit but ensure the full balance is paid off for the monthly statement.

    This ensures we reap the full benefits regarding cash back and air miles but never pay any interest.

    For instance (and this is in the UK) my Santander card gives me 3% cash back on supermarket purchases, hence my weekly shop goes on that card. My AmEx card is great for airmiles (but not quite as good as 3% cashback) so fuel and house purchases go on that.

    I have direct debits set up on each card for the full balance so never have to worry about remembering to pay them off.

    My only debt is my house mortgage, despite paying for pretty much everything on credit.

    You must research the cards and the rewards and ensure you’re fiscally responsible else you can easily get yourself into trouble.

    Never buy a car on finance, you can always find a cheaper deal either using a low interest loan or credit card.
     
    Last edited: Mar 4, 2019
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  18. Bob6794

    Bob6794

    Apr 21, 2013
    My advice forget it's a "credit" card and treat it as a debit that you have to pay in full at the end of the month. You will be happier in the long run. And this way you can reap the rewards (literally and figuratively) that a credit card provides and keep the drawbacks in check.

    There is always the instant gratification which is nice and knowing you can pay it off over time but life happens quite often and throws you extra unplanned bills just to screw with you.

    Only once did I not pay in full off hand and that was when the pay in full auto pay failed to be work after being setup so I had to make a phone call and get them to take a late payment off my record, payed in full, and had them verify it was setup on the phone. So my advice from that verify it's setup before you let auto pay take over, one missed payment can be costly to a future home mortgage interest rate and your credit score if it's high.

    Debt should ideally be just for a house, and emergencies if savings are depleted. Interest rates and the idea you can charge it to your card has led many people into a spiral of debt.
     
  19. needler420

    needler420

    946
    Apr 29, 2011
    Guess I'm off to the flea market for another CCC.
     
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  20. R.c.s

    R.c.s Gold Member Gold Member

    Dec 23, 2013
    Hi needler . What i would say is if you can afford to pay off your credit card you can afford to save up . It's a good feeling when you have finally got the money for that big purchase and it's all yours . And a lot better than going down the slipery road of credit . It's so easy to get your self in a mess with them fatal words ( I want it so I will just put it on my card ) enjoy you knife collecting good things come to them that wait ;)
     
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