LensCrafters offers a credit card that allows you to defer payments for 6 months on all purchases, or even 12 months if you buy multiple pairs of prescription glasses. But watch the fine print.
While it sounds good to not have to pay off your glasses purchase for 6 months, or even 12 months if you buy multiple pairs, the LensCrafters credit card pulls an old credit card trick that not many companies use anymore. Check out this statement:
“Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the promotional period.”
In case you didn’t understand that, it means you must pay off your complete purchase within the 6-month period (or 12 months if you bought more than 1 pair of glasses) or you will be charged interest going back to the very day you made the purchase. So, while you may have pushed your payments off into the future, you haven’t pushed the interest charges into the future — they will have accumulated (at a mind-boggling 29.99% interest rate) during the whole 6-month or 12-month period and now your debt will have grown substantially.
So, if you want to pay off your LensCrafters purchase a little at a time instead of all at once, it’s fine to get the LensCrafters credit card. But be sure to pay off your purchases BEFORE the 6-month or 12-month period runs out.
The LensCrafters credit card is issued by GE Capital Retail Bank.