Anyone Here Used Amazon Visa For Financing? (I Got The Card!)

[Gizmo j]

It's weird, on the page for the products it said there's only a 6 month plan for the items...

But now it's saying there's a 12 month plan for the items at checkout, days ago I was looking at other equipment and some of them didn't have "ANY' payments plans at all.

I'm on the verge of buying these, just $26 a month.

 

[IronWing]

Cut up the card. Seriously, cut it up and lose the number. Pay what you owe and go on with life.

 

[Gizmo j]

Cut up the card. Seriously, cut it up and lose the number. Pay what you owe and go on with life.

I'll be saving $23 a month opposed to my YMCA membership.

And that's only for 1 year, the YMCA has yearly payments....THAT ADDS UP!

 

[cytg111]

Wait. Does it have ps5pro performance?

 

[nakedfrog]

I'll be saving $23 a month opposed to my YMCA membership.

And that's only for 1 year, the YMCA has yearly payments....THAT ADDS UP!

I think the concern is that it won't be long before you find a way to justify buying yet another thing on credit because you're able to justify it to yourself.

But the duck, as we all know, says quack.

 

[RossMAN]

I cannot wait until you buy a used/car and the car salesman asks "how much can you afford per month"?

We all know where that conversation will go, 72 months @ 10.99% but only $$$.$$ per month!!!

 

[Gizmo j]

I think the concern is that it won't be long before you find away to justify buying yet another thing on credit because you're able to justify it to yourself.

But the duck, as we all know, says quack.

I think it's only bad to buy things on credit if there's interest.


THERE. IS. NO. INTEREST. FOR. THE. AMAZON. VISA!!!

 

[nakedfrog]

I think it's only bad to buy things on credit if there's interest.


THERE. IS. NO. INTEREST. FOR. THE. AMAZON. VISA!!!

Again, that is not true. Yes, you are currently paying 0% interest on these specific items so long as you adhere to the agreed-upon payment plan, and if you miss a payment, then you'll be paying interest.

 

[yottabit]

I think it's only bad to buy things on credit if there's interest.


THERE. IS. NO. INTEREST. FOR. THE. AMAZON. VISA!!!

It’s definitely less bad than putting it on a normal credit charge with 23% interest.

But there’s a very real risk that you will buy too much shit or for reasons outside of your control not be able to donate plasma anymore and then miss a payment. Do you have a strong grasp of what happens in that situation? I don’t, but most of these buy now, pay later schemes have huge fees and interest that will kick in in that scenario.

IMO it’s the new “predatory lending” because of targeting people exactly like Gizmo who don’t have a stable income to make the payments. IIRC these payment schemes are also exempt from normal credit card consumer protections because of the payment terms.

I would basically never put anything on credit that I am relying on some “extra” income like a possible bonus / stimulus / selling plasma or whatever to make the payments. That’s highly financially irresponsible and we’re all trying to warn you.

 

[Gizmo j]

I just cancelled my YMCA membership and bought all the equipment below.

It was actually $32 a month because in my last calculation I forgot to consider "4" 45lb plates I accidentally calculated "2" 45 lb plates.

Amazon.com

Amazon.com

Amazon.com

 

[nakedfrog]

Hope you're on good terms with your downstairs neighbors!

 

[Gizmo j]

Hope you're on good terms with your downstairs neighbors!

I have this mat, I was thinking of cutting it so I could put them underneath the plates on the barbell to make less noise when doing deadlifts. I put a quarter there so you can see the size of the mats.

 

[Red Squirrel]

I'll be saving $23 a month opposed to my YMCA membership.

And that's only for 1 year, the YMCA has yearly payments....THAT ADDS UP!

Cancel the card AND the YMCA membership, you'll save even more!

 

[Gizmo j]

Maybe the reason the product page for the equipment only had a 6 month plan was because it wasn't that expensive individually.

But the COMBINED price of the equipment gave me the ability to do a 12 month plan because it was more expensive.

 

[DaaQ]

It’s definitely less bad than putting it on a normal credit charge with 23% interest.

But there’s a very real risk that you will buy too much shit or for reasons outside of your control not be able to donate plasma anymore and then miss a payment. Do you have a strong grasp of what happens in that situation? I don’t, but most of these buy now, pay later schemes have huge fees and interest that will kick in in that scenario.

IMO it’s the new “predatory lending” because of targeting people exactly like Gizmo who don’t have a stable income to make the payments. IIRC these payment schemes are also exempt from normal credit card consumer protections because of the payment terms.

I would basically never put anything on credit that I am relying on some “extra” income like a possible bonus / stimulus / selling plasma or whatever to make the payments. That’s highly financially irresponsible and we’re all trying to warn you.

this right here.

I had a card that refused to cancel. racked up 700+ in charges, for fees. I asked them how much to pay off, payed it, then next month was more that was owed.

I told them if they wont cancel I will stop paying.

I will pay for items I purchased but I will not pay 700+ in fees racked up after I paid off what they said to zero it out, now some company bought the debt and is trying to get me to pay anything. FYI once you pay them a penny, then the debt is considered valid in they're eyes. With court approval if you dont reply in time.

 

[cytg111]

Oh. The fees. I've worked a lot in finance on the tech side, the creativity is mind blowing when it comes to making up new types of fees.
I call all this the finance tax. Just swiping your card using your own money to buy a loaf of bread will cost you 1%+ finance tax depending.

 

[manly]

It’s definitely less bad than putting it on a normal credit charge with 23% interest.

But there’s a very real risk that you will buy too much shit or for reasons outside of your control not be able to donate plasma anymore and then miss a payment. Do you have a strong grasp of what happens in that situation? I don’t, but most of these buy now, pay later schemes have huge fees and interest that will kick in in that scenario.

IMO it’s the new “predatory lending” because of targeting people exactly like Gizmo who don’t have a stable income to make the payments. IIRC these payment schemes are also exempt from normal credit card consumer protections because of the payment terms.

I would basically never put anything on credit that I am relying on some “extra” income like a possible bonus / stimulus / selling plasma or whatever to make the payments. That’s highly financially irresponsible and we’re all trying to warn you.

New? The credit card industry is decades old.

I suppose you're referring to BNPL; but OP is using Amazon Visa that's issued by Chase N.A.

This thread is a dozen pages of OP ignoring advice that he's solicited, over and over. Dude doesn't care, so why should we?

 

[JulesMaximus]

I bought my dump trailer on a credit card. It was one year interest free so I paid it off in that one year. Used it for 21 years then sold it for the same amount I paid for it.

My wife and I do that sometimes on big money purchases. We bought our Sleep Number bed recently on a zero interest credit deal through them. We have the money to pay it all off so we’re just making payments in big chunks to pay it off before I go into the hospital in November for my final chemo treatment and stem cell transplant. That way I don’t need to worry about making a payment while I am in the hospital as it is in my name. This is the only credit card debt we have.

 

[yottabit]

New? The credit card industry is decades old.

I suppose you're referring to BNPL; but OP is using Amazon Visa that's issued by Chase N.A.

This thread is a dozen pages of OP ignoring advice that he's solicited, over and over. Dude doesn't care, so why should we?

Yes I was referring to BNPL schemes which, also are not new but have exploded in popularity due to Klarna and Afterpay.

The running joke is people financing their Instacart and Doordash orders with equal monthly payments.

Burrito now, pay later

Podcast Episode · Today, Explained · 06/25/2025 · 26m

podcasts.apple.com

My wife and I do that sometimes on big money purchases. We bought our Sleep Number bed recently on a zero interest credit deal through them. We have the money to pay it all off so we’re just making payments in big chunks to pay it off before I go into the hospital in November for my final chemo treatment and stem cell transplant. That way I don’t need to worry about making a payment while I am in the hospital as it is in my name. This is the only credit card debt we have.

There's certainly a lot of value-add ways for financially stable and literate people to use credit cards to their advantage:

• Cashback / rewards
• 0% Promo APR on new Purchases
• Extended Warranties and Consumer Protection
• Fraud and Identity Theft Protection
• Sign-up bonuses

...to name a few. But any nuance in this conversation is going to be lost on Gizmo. His takeaway is probably going to be "credit card good!" and get himself even deeper in a hole.

It's worth pointing out that, were he a Amazon Prime member (like any rational user of that card would be) - he'd be missing out on cashback in exchange for the BNPL financing.

The card provides 5% cashback on all Amazon purchases and I've found that if you are flexible on delivery date they'll often offer 6% for choosing a slower date. So as an example if you're thinking of a 6 month finance purchase, forgoing the cashback in favor of the payment plan is essentially as bad as of a financial decision as utilizing a 10-12% APR.

I'm pretty diligent about maximizing credit card rewards, and even will periodically do the "credit card churn" game to rack up notable sign-up bonuses. These rewards provide thousands of dollars of tax-free cashback per year for me so it's worth the amount of effort to juggle the cards, and these days there are ways to automate.

I also take advantage of 0% intro APRs occasionally to finance large purchases, but the difference between me and Gizmo is I have the payoff amount or more sitting in a High Yield Savings Account or similar earning interest so there is never any risk of non-payment.

There's a reason credit card companies are profitable and extend all these offers and it's not because of people like us

EDIT: All that being said, as usual Gizmo I hope you enjoy your new equipment but PLEASE STOP DIGGING YOURSELF INTO A DEEPER HOLE FINANCIALLY. I would recommend calling and ask Chase to lock your card or reduce your credit line / available balance before you are tempted to purchase more.

 

[Gizmo j]

I just got all the equipment, my uncle was going to help me put together the pull up rack.

 

[nakedfrog]

I would think constructing something might be good for someone who wants to go into construction.

 

[lxskllr]

Heh... I was thinking the same thing, but I've just about given up on all of this.

 

[sdifox]

I would think constructing something might be good for someone who wants to go into construction.

You do often need another person to hold something together.

But not that power rack.

 

[lxskllr]

Rope is a third, fourth, fifth... hand. I've never needed help assembling anything. Having someone else there sometimes makes things easier, but it isn't essential.

 

[sdifox]

Rope is a third, fourth, fifth... hand. I've never needed help assembling anything. Having someone else there sometimes makes things easier, but it isn't essential.

Not everyone work on trees.