When cash is not an option, BenefitsMe allows all employees to purchase needed items and pay interest free up to 12 months. BenefitsMe is a lower cost option compared to high-interest rate credit cards with no set repayment period, payday loans, car title loans, or Lease to Own.
Knowing the “cost of ownership” is essential for savings. For example, a refrigerator would cost $1,035 through BenefitsMe paid off interest free over 12 months, versus a credit card with 22% APR with a minimum payment of 4% per billing cycle paid off in 73 months for a total of $1,475.49, or Lease to Own with a 24-month payment term with a total cost of $4,500.
A simple user experience available 24/7, 365 and access through smartphones, computer, or tablet. Preset spending limits based on annual pay assures responsible use and manageable repayments that will not represent a hardship for repayment.
Over 50,000 items to include electronics, appliances, furniture, health, travel. Customizable catalog.
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