When purchasing your next floor, ask about credit promotions offered by your specialty flooring retailer. No longer is credit merely a way to spread out payments.


It’s become something far different – a money management tool for today’s family chief financial officer. More than a way to manage payments, credit represents the opportunity to buy better merchandise, especially when the timing’s right.


Flooring is an investment as much as it is fashion because it becomes part of your home’s structure.


When purchasing flooring, consider how long you plan to keep that floor and how long it will take to pay it off with credit. Wood lasts generations. You may want to change your carpet every five years or so.


Ask yourself if the floor will add substantially to the value of the home. Credit options may turn out to be a bargain if you can comfortably pay off the purchase in a year or two, plan to keep the house for along time and plan to buy lasting quality fashions.


Your project will likely begin with a budget. So, with flooring comprising as much as a third of one’s renovation cost, your credit plan can actually keep costs contained by helping to track and limit expenditures.


Plus, credit lets you purchase economically – for example when that special flooring goes on sale. Smart money managers also look to store credit as a way of keeping their regular credit cards open for routine – even emergency – expenditures.


Because credit impacts your overall cost, look for stores which promote their own store card and offer specials to new cardholders.


Ask about long-term special programs such as one and two-year ‘same as cash’ offers. As a matter of course, better stores should be able to offer 60 to 90 days with no interest. At that time, your purchase either is paid off or rolls over into a revolving charge–with interest starting on the purchase date.