Newegg's "Bill Me Later"

[Rip the Jacker]

Is there any catch to this? Have any of you used this?

 

[iwantanewcomputer]

just a guess, but do you have to pay more later?

 

[JM Aggie08]

boom headshot to your credit report

 

[Rip the Jacker]

Originally posted by: JM Aggie08
boom headshot to your credit report

LOL.

 

[Twista]

Time for newegg debt

 

[mugs]

It's basically a store credit card.

So there is a credit check.

 

[MichaelD]

Originally posted by: mugs
It's basically a store credit card.

So there is a credit check.

Yes. And the interest at 18% or higher is charged back to the date of purchase if the total isn't paid off in 3 months or 6 months or whatever the time period advertised is.

My advice? Don't do it. If you have the money to pay off the card in three months, then you should just save for three months and buy what you want.

BML is Teh Debil.

 

[Journer]

i love it...i always pay mine off in the allotted time for 0%....my CC has the same amount of interested i get with BML so it wouldnt make a diff anyways...

 

[Fritzo]

I used it. It's no different than any store's "NO interest/no payments" deals. I got 6 months on my new rig- it's nice having $1400 spread out over 6 months than in one lump sum.

 

[Fritzo]

Originally posted by: MichaelD

Originally posted by: mugs
It's basically a store credit card.

So there is a credit check.

Yes. And the interest at 18% or higher is charged back to the date of purchase if the total isn't paid off in 3 months or 6 months or whatever the time period advertised is.

My advice? Don't do it. If you have the money to pay off the card in three months, then you should just save for three months and buy what you want.

BML is Teh Debil.

That's dumb advice. If it's a big purchase, why not let the $1000+ sit in a savings account until it's ready to pay off? I do it all the time.

 

[wazzledoozle]

Probably a good way to build credit if you know you will have the money.