The Credit Cards That Let You Pay for Furniture by Instalment and Earn You Rebates?
Design: Three-D Conceptwerke
Getting a new home is all very exciting; that is, until you realise the huge expenses involved. If you think your down payment and home renovation are all there is to it, think again. Because the next major expense would probably come from your furniture and appliances purchase. (Yes, that Kartell bedside lamp and Patricia Urquiola designed chair you so covet can all add up, folks.)
1. They automatically let you pay for your furniture expenses through an instalment plan
The cards automatically put your purchase amount into an interest-free instalment plan. Depending on how much you spend, the instalment plan will either be split into three or six months.
For instance, if your total furniture purchase adds up to less than $1,000, that amount you spend is automatically split into a 3-month payment. Spending more than $1,000 will get you on a 6-month instalment plan.
Clockwise from left: Harto Paula Chair ($747), Lean Sofa ($798), and City Buffet Shelf ($1,680). All available at Lifestorey.
Let’s assume you’re getting big ticket items like a sofa, a dining storage unit and a home office chair, and the total costs add up to $3,225. If you’re using the OCBC Cashflo Credit Card or OCBC Great Eastern Cashflo Credit Card to pay for your purchase, they automatically turn your transaction amount into a 6-month instalment plan. So instead of shelling out a lump sum of $3,225, you will be paying $537.50 each month for six months. That should give you some breathing room to spend on other necessities.
Clockwise from left: Kartell One More Seat ($560), House Doctor SP0361 Asymmetric Pendant Lamp ($212), and Kartell Componibili 2 Elements with Tray ($190). All available at Lifestorey.
For homeowners who’ve already got existing furniture, you might just want to purchase smaller furniture pieces or décor items. Say you decide to buy a bar chair, a pendant light for your dining area and a side table for your living room, and the total costs add up to $962, which is just short of $1,000. Using the OCBC Cashflo Credit Card or OCBC Great Eastern Cashflo Credit Card, your payment is converted into a 3-month instalment plan, where you will be paying just $320.70 per month for three months.
Stretching out your payments over a few months helps you to channel your funds to other important things you might need for your new home such as home insurance or utility bills. It pays to have spare cash around to tide these new home birthing pains.
2. You get to earn rebates from your purchases
The great thing about the OCBC Cashflo Credit Card and the OCBC Great Eastern Cashflo Credit Card is that they are the only auto-instalment cards that also earn you rebates, depending on how much you’re spending. So not only do the cards help you to spread your purchases, you can also earn a 1% cash rebate if your monthly bill is $1,000 and above, and a 0.5% cash rebate if your monthly bill falls below $1,000.
For more details on the OCBC Cashflo Credit Card, click here.
For more details on the OCBC Great Eastern Cashflo Credit Card, click here.
Meet your interior designer and shop for your new home at our Lifestorey (Dempsey) x Meet The Designers event, happening on 25 August 2018. RSVP here.
Pay using the OCBC Cashflo Credit Card or OCBC Great Eastern Cashflo Credit Card and enjoy free delivery and an additional 10% off the $2,998 Lifestorey Home Package, consisting of a 3-seater fabric sofa, dining table with four chairs, and side table (U.P. $3,958). Offer is valid till 28 Feb 2019. Terms and conditions apply.
Browse through the list of Interior Designers, their reviews and portfolios at http://www.renonation.sg/pr
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