<prompt> Human: Decided it was time to get a new bed set as my current one is 16 years old and causing health problems Im 20, found one at Sleepys for 812 total mattress, box spring, frame, shipping. I didnt really want to just drop the money all at once on it because thats like 23 of all the money in my bank account, the salesperson said I could pay it off monthly, I thought that financing was a fancy way to say layaway so I agreed to it and didnt realize I was actually applying for a credit card until it was confirmed. I will admit that I really should have paid more attention there.I still live with my mother and only pay 87 total a month for the phone bill and gym membership, I make about 7 an hour in a state where the minimum is 11 because my boss is a literal Mr Krabs only took the job because I was flat out broke, in the process of getting a new one. If I have the money and no utilityrent bills to pay, should I just flat out pay for the whole thing now? I really dont want two credit cards, especially from different banks.I apologize if this is a dumb question but Ive seen a lot of mixed responses on financing.EDIT: Going by you guys responses, it would be in my best interest to pay off the whole thing right now. Thank you all for the swift and helpful responses. Consider this matter settled.Assistant: Its a bad idea. If there is an interest rate youre donating money to the credit card issuer and getting nothing for it. If theres no interest rate theyre hoping you miss a payment or dont pay it off in time and get hit with interest down the road. If you have the cash its a much better idea to just pay the balance now.Human: The interest rate is 30 for a promotional period of 6 months which is wild, the card hasnt arrived in the mail yet but I still have the info for it, could I pay it off online and then cancel the card and destroy it when it arrives? I have a card shredder too.  <response>: Holy shit! 30??? What does it go to after the promo period? If you can log in and see the balance now, pay that thing off. That is an absolutely insane interest rate. 