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No interest makes for an interesting deal

Best Buy has a deferred interest rate plan on credit card purchases that might be worth checking out.

ipod.jpg
This 20GB iPod is $299 at Best Buy and interest free under the store's offer.

Buy at least $299 worth of stuff using a Best Buy credit card, pay off the balance in 18 months, and you won't pay any interest.

Think of it as layaway but you get to play with your stuff up front.

But make sure you have it paid off in time. Otherwise you're going to shell out some bucks on interest (more than 20 percent, not to mention the back interest owed on the balance).

Comments (2)

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Jason Clarke said:

If you have to buy an iPod on credit, you don't need an iPod.

annen said:

Best Buy's Bait-and-Switch 0 Interest for 18 months are all changing in February of 2009. No matter what they promise you now, in February 2009, all Best Buy accounts are changing to "no interest if paid within 23 days".

Your only options are either to pay your balance off in full before February 4, 2009, or cancel your card and stay at your previous agreement. What is unconscionable is that they continue to make the no interest offer knowing they're pulling the plug on it in February.

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