Me too.
PSA re BH Payboo Card new terms
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Paul Grecian
Member
I certainly wouldn't use PayBoo as a credit card, though it makes a good charge card. Being able to pay out for a purchase interest free (but having to pay sales tax instead) may be a reasonable usage though. If I weren't already tax exempt, I would certainly use it. But the interest rate is criminal, nonetheless.
mathjak107
Well-known member
we use payboo at b&h all the time .
we never pay a penny in interest on any of our cards .
this year we redid all our cameras and lenses . we saved thousands in sales tax .
got a message from b&h today
we never pay a penny in interest on any of our cards .
this year we redid all our cameras and lenses . we saved thousands in sales tax .
got a message from b&h today
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Calson
Well-known member
I only put on credit cards what I can afford to pay off completely each month. It does change my mindset about spending $15,000 on a new lens.
That is not being paranoid, that is being smart....Protecting themselves and their customers. I only wish there was a Applicator option along with the e-mail.
There must me a life lesson there for someone.....
Yes, the first Payboo card was through Synchrony Bank.
That PayBoo is fantastic, if you pay it off with the tax free terms. I recently bought two times using my bank debit card @ Nikon USA and they did not tax me.
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Woody Meristem
Well-known member
Speaking as someone whose wife was a VP of a large regional bank, there are two thing we never do: one is never make any financial transactions other than purchases under $2500 on-line; the second is to never carry a balance on a credit card. Yeah, they all want you to go paperless or carry a balance, but we prefer a paper trail for each transaction and why on earth would you want to pay 20%+ for a loan when you could have save up for a while and save that 20%+ -- instant gratification costs $$$.
spamalot1950
Active member
Well, technically, it's usury, and it used to be illegal, too.
I think Nikonusa uses Bread Pay, not Payboo. Same idea though. PayBoo can only be used at B&H.
I do not believe that Bread Pay reimburses the buyer for state sales tax, does it?
I have no idea. I've never used it.
I paid NIKON with my debit card. Neither of the others, Bread or PayB
A word of caution - check the small print carefully.
In the UK sometimes to avoid a 30% plus interest charge payment is when the money is credited to the account - as cleared funds.
This can be several days after the actual payment is received depending on the systems used – in which case paying on the last day does not achieve the desired result
In the UK sometimes to avoid a 30% plus interest charge payment is when the money is credited to the account - as cleared funds.
This can be several days after the actual payment is received depending on the systems used – in which case paying on the last day does not achieve the desired result
word of caution about debt cards. WIth credit cards you have many more rights (such as disputing charges) which don't exist with debit cards Lots of good articles about the difference - here is one https://pirg.org/edfund/resources/the-dangers-of-debit-cards/
mathjak107
Well-known member
i wouldn’t ever use a debit card to buy anything
Thanks for the advice!! I have never had a problem, but I just cut that card and flushed it. I'll use a credit card or cash now.
Woody Meristem
Well-known member
We don't either -- you're just asking for trouble with a debit card. And if you're one of the many people who don't look closely at your bank statement or balance your checking account you might never even know a batch of your money is gone. A smart scammer won't clean everything out of your account, just most of it, which would delay discovery of the theft.
If you think it won't happen to you, just remember: Infinity makes the possible inevitable.
I only use a debit card to get cash out of an ATM. In fact, I have disable all purchasing ability with our debit cards.
There is one debit card that is worth having if you travel internationally and that is the Schwab card that goes with their brokerage account because it reimburses all ATM fees and there are no limits on withdrawals. Very useful in that respect. through their app, you can block access after you make a withdrawal.