Bill Me Later or.... not?

[Mike Cruz]

Anyone ever used Bill Mill Later? I am thinking about ordering a computer setup from New Egg and saw it as a option.

It gives me up to 6 months to pay off the total amount with no interest? Does this help my credit when I have paid it off within the 6 month time? I seem to be finding mixed reviews about this on google as well as about the payment options.

Total amount goes to around $2,000.00 and I plan to pay it off at the beginning of next month, but I need it now for some projects I am working on and my current desktop just decided to take a dump on me.

Thank you in advanced for any comments / suggestions / reviews.

-Mike C.

 

[HasRob]

At 19.99% APR and big late fees I wouldnt touch it. You can get a citi platinum credit card with 0% interest for one year. https://www.citicards.com/cards/wv/cardDetail.do?screenID=932

 

[Mike Cruz]

At 19.99% APR and big late fees I wouldnt touch it. You can get a citi platinum credit card with 0% interest for one year. https://www.citicards.com/cards/wv/cardDetail.do?screenID=932

I already have some secured cards for every day expenses. I figured if this was true, "NO PAYMENT / NO INTEREST for 6 Months" it wouldn't be a bad option. I plan on paying it off early next month anyways.

Is what you are saying, is that even though they advertise no interest, they will still charge you interest within those 6 months? This is the type of info I am looking for, so if you can clarify, i would greatly appreciate it.

 

[theinvestor]

They don't charge interest during the 6 month period. Just remember if you don't pay it off after your 6 months are over they can retroactively charge you interest.

Hope that answers your question

 

[Mike Cruz]

They don't charge interest during the 6 month period. Just remember if you don't pay it off after your 6 months are over they can retroactively charge you interest.

Hope that answers your question

Yeah, that's what I understood, which I plan to pay it next month, just wanted to know for a fact what the deal is from other people who have tried it. From what I see they charge you a no finance charge if you pay it in full within the 6 months cause they don't make anything off you otherwise, but I cannot find this "no finance charge" amount anywhere on Bill Me Later, maybe because it is charged by CIT. Anyone happen to know approx how much this is?

---------- Post added at 10:49 PM ---------- Previous post was at 10:24 PM ----------

I am guessing the finance charge is of 19.99% of purchase price, so that would be about $500

So like I assumed this advertised no Interest, No payment for 6 months is really bullshit. because either way I am getting raped on the rate.

 

[HasRob]

I was just looking, alot of comlaints about that deal on google just search around.

 

[Mike Cruz]

Yeah, I am just going to buy it out right instead. Bill me later is a bunch of bullshit. Would of liked to pay for it next month, but will do it now to prevent the $500 in "No Finance Charges" and be able to get back to work.

Thanks for the help guys.