Home Depot 10% off with new Credit Card - really??

17 years ago

Hi folks

I seem to be getting different information from HD staff. They ran a 4 days promo last weekend for 10% off first purchase if I applied for a HD Credit Card.

Then a seasonal person told me I could NOT use that 10% on the pruchase of a Cub Cadet RZT50 to get an additional $300 off (limit of discount) becuase the unit had already been "marked way down".

I have seen post from HD USA customers where the sales person encouraged them to apply for the card ($200 limit in those cases).

Anyone experienced this kind of inconsistency at HD Canada?

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Comments (12)

metal
17 years ago
When a seasonal employee tells you anything simply ask "can I talk to a manager." A seasonal employee does not have the decision rights or knowledge to help you. (this technique works at all retail stores)
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lakeguy43
17 years ago
metal,
That may or may not work in Canada. You've heard of "The customer is always right"? In France of course "The customer is always wrong". In Canada it's somewhere in between. ;^)

A recovering Canadian
0
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I don't think that there's been much change in the parameters relating to my cards (one recently signed up for) in recent months. It's the old corporate game - while they love competition among their suppliers ... and among their customers ... they hate it on their own level and work to get rid of their competition at whatever cost: buy the competitors, squeeze them out, start frightening rumours about them or whatever. There aren't a lot of card companies ... so they can pretty well set their own rules ... and we can take it or leave it. They offer unsecured loans ... and have been suffering losses, as people die owing, go bankrupt, etc. And, the economy being what it is, with so many becoming unemployed, they likely anticipate more such losses in the near future. Plus many of the banks have been left holding the bag on many of those stinky loans, mortgages, etc. - I own Canadian bank shares, which got stuck with a number of them, and the value of my shares are now less than 40% of what they were in early summer 2007. Good wishes for increasing skill at managing your money effectively. ole joyful
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When you have four pockets ... ... and you know that there's no money in three of them ... ... into which pocket do you stick your hand when you need some? ... how often do you stick your hand into any one of the three pockets where you know that there's no money even when your hand gets all of the way to the bottom?? Memo ... to individuals, as to businesses (but most of the latter know it now) ... ... when you need money ... ... go where the money is! Like the credit card companies do. They may cancel the cards of folks who've been giving them a rough time, i.e., not paying. But they don't mind your payment being late - look at the large fee that they charge ... for what ... waiting an extra day or two for the payment? Suppose it's $100.00 payment ... at 10% annual rate, that's $10.00 per year, or about 3 cents per day. If your payment arrives 3 days late ... their cost is about a dime ... and they charge you a $20.00 late fee? Think they're about to cancel your card? Why would they?? They're making a very nice bucket of money off of you ... and others like you. You go over your credit limit? More of the same. So why would they shut you down?? You're a profit centre for them!! If so for them ... how about you?? If you blow an engine in your car tomorrow ... how will you pay for the repair? Or ... if you get laid off ... what will you live on? Have you ever had a pair of handcuffs snap around your wrists? I haven't either ... and I don't want any: I have absolutely no hankering for such an experience! I love my financial freedom!! If you don't have a financial cushion of some funds available in case of immediate drastic need, I claim that you have a pair of handcuffs lying on your dresser, right beside where you lay your wallet at night. Just waiting for an emergency need of money ... or a layoff ... to have them jump up and snap around your wrists. Financial freedom - that ain't!! Hope you all have a lovely weekend ... and if you'd be sweating blood if you don't get a paycheque ... or two ... ... please - do yourself a favour. Even though it may be a beautiful weekend, find a way to enjoy it while spending little or nothing. Start that savings fund ... build yourself a financial cushion. Aim at a minimum of 3 months' income available in case of emergency. Six months' earnings, or 9 months' ... or up to a year's worth, is even better. After 25 years or so as a personal financial advisor, I don't have it, myself, some of the time. Some of the time I have money in the bank, money market fund, etc., immediately available ... but sometimes not. I have a credit card that I don't use much, that I can use to fix my car, fly me home in case the travel co. goes broke and the hotel says pay - again - or go to jail, etc. And I have a Line of Credit at the bank, initiated several years ago at no fee, fully secured by stock or mutual fund certificates, in order to arrange a low interest rate ... and it lies there unused, most of the time (but there's no inactivity fee to pay). If I use the card for emergency ... I pay off the full balance prior to the due date, using my Line of Credit if the amount in my bank account, money market, etc. are short. Then ... pay off that loan (low interest - far lower than the rate charged on unpaid balances owing on the credit card) as soon as possible. I want my money working for me ... not be forced to use other folks' money ... and pay rent on it while I'm using it ... especially if it's the kind where they charge very high rates! I never want to have to darken the door of a payday loan company: their rates are ... *horrendous*! (By the way ... have you read my thread about the differences between a paycheque and a pension cheque?) ole joyful
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Greg H, Your message tells me how you are managing ... debt. Wisely, yes. To your advantage, yes. It's still ... debt. D-E-B-T - a four-letter word! Cut it whatever way you like, it's still debt. Which can be become a *serious* problem when it's misused. That you are obligated to pay - even if you get a temporary lay-off, or with certain specific skills no longer in demand, a pretty well permanent one, or suffer permanent disability, or have a kid who subsequently develops a need for $50,000. worth of uninsured medical care - or even die. There's only one way you can avoid it - go bankrupt. Which steals from other folks who gave you services in good faith, from which you walked away. Some do that several times - walk away ... smiling. The message was, as I said earlier, not directed to the likes of you or people anywhere near as smart as you when it comes to managing money. Like, maybe, your friend's kid who, though s/he was in college, wasn't too smart when it came to money management. A local Canadian financial consultant complains that they don't teach much about it in school. If the corporations, including the financial ones, get their feet more heavily into the schools, there'll probably be even less. In his book, he offers advice on how to make a rate of return of 40% or better on your money - guaranteed. Proviso - you can only make that (before-tax) rate on store-issued credit cards whose balance you pay off. Maybe, had your friend's offspring not been willing to pay attention to his/her parent, as being out of the dark ages when it came to instructions as to wise ways to live, s/he'd have listened to you had you offered some advice. The reason for making the point about it actually being a debt that was being incurred when you use the card was to try to get some people who know much less than you about money management to begin to think about it somehat differently. The point of the message was to show them how they might reduce their cost somewhat if they followed a different pattern than some may have started through following the easy path of signing up for a store-issued card. I approached it with some trepidation, for I was advising ... taking out an additional card. Which could (too?) easily have a major debt run up on it, as well - leaving the holder in a deeper hole than previously. Should I become aware of that result springing from advice which I had given, it would trouble me greatly. Much more concerned than I was about complaints such as yours - which I hear about half of the time that I make this point. By the way - you didn't say that I was wrong - you just said that everybody does it, right? By the way, elsewhere in the message, when I was not dealing with the specific issue of the debt aspect of the card, I referred to them without using the quotation marks. Your country - government and people - is drowning in debt. And digging the hole deeper, daily. The "value" of your dollar is dropping - had you noticed? Good wishes to you for wise management of your money - and assets, Greg. ole joyful
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dourobob
Original Author
17 years ago
I am waiting for a call from the local HD manager.

db
0
metal
17 years ago
Let us know how it turns out. I would be very surprised if you didn't get your 10% plus whatever discount was already on the tractor. There are quite a few stories on here about people who get deals like that. I went into Sears a day after one of their "big sales" to buy an air compressor and the manager gave me the sales price anyway.
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dourobob
Original Author
17 years ago
Got a call today and was told that, while NO DOUBLE DIPPING on specials is usually the case, because it is the end of the season and they want to get rid of these mowers and MTD is balking at taking back over 1000 of them from HD, they will honour the 10% and give me the additional $300 credit.

I'll find out tomorrow if this all works out and I end up with a Cub Cadet RZT50 for $2899 Cdn. If it comes together I think I got a good deal (not quite as good as the fellow who paid $1399 but ..)

More good news tomorrow I hope.

db
0
doopstr
17 years ago
My local HD always has signs saying save an additional 10% if you get a new card that day. Even on the deeply discounted items they still indicated on the signs that you can save an extra 10% by using your new card.

FYI, if you do get the card they occasionally will send you a 10% coupon in the mail. The only problem with the coupon is that its usually only good for a week.
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lakeguy43
17 years ago
dourobob,
Good deal! Happy tractoring!
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tom_k_de
17 years ago
If item is bought with a credit card,what is the interest rate,and does it swallow up the original "savings",and then some? Seems more profit is made on finance charges,than selling the item.Retailers can well have "sales" to encourage people to spend money they don't have.Nearly 90 percent of the country is drowning in credit card debt.I use credit cards for conviemce,and pay in full,when the monthly statment arrives.I get the "sale savings"without paying any interest.
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achenator
17 years ago
They are problably offering 0% for 12 mos. along with this deal. There is nothing wrong w/financing as long as you pay it off within the no interest period.
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dourobob
Original Author
17 years ago
Well folks, I went in to do the deal this morning and - the unit they had in stock had been sold the previous evening. BUT - all is not lost. The manager who returned my call said he will try to see if he can get a unit from a store in the area (same deal applies) and he will let me know in a day or two. The saga continues - it is driving my wife crazy but, I am confident it will work out in the end.

db
0
biglumber
17 years ago
I've had HD give me the sales price even though it was off sale. The item was still marked on sale but the sale was over.
Some associates have the authority to give you a ticket mark down. One time I went to lowes for a rediculously low miter saw. They were sold out so I went to HD. They had it and gave me the 110% deal. We also spent 3800 dollars on a first time HD card purchase. They ended up giving us 400 dollars off(paid for tax).
I have had good experience with HD. I wouldn't want to see how much I have spent there in the past 7 years.

Peace.
0
dourobob
Original Author
17 years ago
Well, it seems my experience with Home Depot is soon to move way up on the satifactions scale.
I spoke with Ass't Mgr today and he says he has located a unit (Cub Cadet RZT50) at a store west of here. It should be available for me in 3-4 days as it is not priority shipping for them and must be transferred from store to warehouse to his store (I did tell him earlier that I was not in a big hurry).

He wants me to come in and inspect it when it arrives and, only when I am satisfied, then we will do the necessary paperwork to get the additional 10% (up to $300) off.

Patience and asking questions pays off - I hope. I should be able to confirm that by the end of this week.

db
0

Home Depot 10% off with new Credit Card - really??

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Home Depot 10% off with new Credit Card - really??

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