Loan or Credit Cards

A PLC is a personal line of credit. So its like a credit card but lower interest rate and there's not an actual card to go with it. The PLC is through a bank normally so you actually have to go to the bank to withdraw the funds and pay back the funds. I like it because 1) the lower interest rate and 2) because there's not an actual card its less likely to spend it on things it was not meant for

Yay thank you for this! This is what I was needing I don't mind people sharing their opinions about our financial decisions but, no where did I ask what people thought of me getting a loan or credit card because that is something my FH and I chose to do.

Getting a zero percent interest rate is hard, but one thing you can do is put the balance on a credit card and then if you are opening up another credit card, to find one with a no-cost balance transfer since they will usually have zero percent interest for a specified time period. In the end, it really depends on your goal here like the previous poster said. If your limit is small and you are putting it all on one credit card, then it will eat up your utilization and your credit score will drop. If that is not important to you since you are not trying to get anything with credit, then you have to weigh the utilization over the hard credit pull (negligible if you have to open either) and if you have a credit card you want to do this with or not.

My credit union is 4.7%

Just saved... I didnt have a budget at all when we started planning (only $300 on my savings account) I started saving and tax money came in and mostly put it in the savings account and now we have more than half than our original budget for our wedding day. It does help that we decided on small simple and intimate though.

We're paying for our entire wedding 80% on credit cards. We each got a new card with an intro offer of 15 months no interest and just plan to make aggressive payments to it to pay it off before we get hit with the interest. It's just what worked best for us.

I agree. I don't think it really matters how you pay for YOUR wedding, as long as it gets paid. Even if someone wanted to pay 100% with loans/credit cards. So we ended up getting a loan. We will be making $700/m payments. So we should have it paid within 10 months.