on tvs 500 and up. is there a catch to this or what?

Quote :

"No interest for 18 months on all TVs and TVs with installation $499 & up NO INTEREST FOR 18 MONTHS ON ALL TVs AND TVs WITH INSTALLATION $499 AND UP: Qualifying purchase price is determined after applying discounts. Purchase price must be paid in full within 18 billing cycles of the purchase date, minimum monthly payments must be made and account must not otherwise be in default during the promotional period or finance charges will be assessed at the Deferred/Accumulated Finance Charge APR from the purchase date. Promotional financing is offered on Circuit City credit cards issued by Chase Bank USA, N.A., subject to credit approval. Minimum payments will be determined in accordance with your Circuit City credit card agreement ("agreement"). Length of the promotional period could be shorter depending upon the timing and amount of your payments and the type of other account balances (see the "Application of Payments" section of your agreement for details). Accounts of existing Circuit City cardholders must have adequate available credit and not be in default to qualify for promotional financing (see your agreement for other applicable terms, rates, costs and fees). As of 10/10/07 and subject to change, the following rates and terms apply for new Circuit City Rewards Card accounts: Purchase APR=23.74% variable; Deferred/Accumulated Finance Charge APR=24.24% variable; Default APR=27.74% variable; Minimum Finance Charge $1.00 and for new Circuit City Rewards Visa Card accounts: Purchase and Balance Transfer APR=17.24% or 19.24% variable (depending on our review of your application and credit history); Cash Advance APR= 23.49% variable; Deferred/Accumulated Finance Charge APR= 24.24% variable; Default APR=29.74% variable; Transaction fee for Balance Transfers and Cash Advances: 3% of the amount of the transaction, but not less than $10; Minimum Finance Charge $1.00 and for International Transactions 3% of the U.S. dollar amount of the transaction, whether originally made in U.S. dollars or converted from a foreign currency. Offer expires 10/27/07. Apply now "

http://www.circuitcity.com/ccd/genericContent.do?oid=107877&c=1&cm_re=main%20marquee-_-televisions%20details-_-link4#televisionsdetails

10/21/2007 3:14:36 PM

The catch is that if you miss or are late on a payment they fuck you. You'll be charged retroactively for all the interest that they, up until you were late on a payment, decided not to charge you to the tune of ~25% APR.

10/21/2007 3:59:58 PM

even if you pay for it on time... you paid for installation. them fuckers charge like $300 for "installation".

10/21/2007 4:16:00 PM

Quote :

"No interest for 18 months on all TVs and TVs with installation $499 & up"

im pretty sure he wouldnt have to pay for installation...though it does sound like one of their typical scams.

10/21/2007 4:37:26 PM

i don't know what scam you're talking about...i bought my first two laptops (years ago) on this "18 months no interest" deal...you pay your minimum payment, every month on time, and then the month before (so, month 17), pay your remaining balance...it works out fine as long as you're a responsible adult with good money management skills

10/21/2007 9:32:23 PM

i am not worrying about missing a payment, just wanted to hear from other that have did this 18 month without interest thing without any hassles. thx ^ i will going out there checking out what they have on tomorrow.

10/21/2007 9:34:55 PM

^^

Quote :

"im pretty sure he wouldnt have to pay for installation...though it does sound like one of their typical scams."

you must not have understood my sentence. the "it" refers to the first part of the sentence, the part questing if he has to purchase an installation to get the financing deal. but i can see how it could be misunderstood.

10/21/2007 11:42:13 PM

the best deal to get is no interest and no payments; that way you don't have the chance to be late on a payment.

just make sure you pay your loan completely off 2 months before its due (just to be safe), because they "due date" they print is actually a couple of days after the trigger date that applies all the retroactive interest to your account

10/22/2007 8:09:15 AM

last january, best buy had a 0% interest for 3 years on tvs $1k and up provided you used your BB card, plus it turned out whatever else i bought that day was also considered part of the 0% interest purchase...definitely picked up a flat screen and an xbox360 and a bunch of peripherals...same as cash for 3 years

10/22/2007 9:09:00 AM

^^^ my bad

10/22/2007 9:30:52 AM

^ no problem

^^ thats was a damn good deal


I will make a general suggestion for anyone who gets in on one of these interest/payment free deals...setup an automatic recurring payment in your online banking system. schedule the last payment to be sent 1-2 months before the interest kicks in as mentioned above. that way you dont have to bother with sending a check in every month or remembering to log in and pay it.

10/22/2007 10:12:48 AM

Quote :

"even if you pay for it on time... you paid for installation. them fuckers charge like $300 for "installation"."

when i bought my TV from circuit city, i took it home and "installed" it myself for free.

10/22/2007 2:35:48 PM

ok, this is how you can get yourself with this deal - you make your purchase online, and by the time you get your card, and your first statement, your first bill is due like 1 month you bought it, so don't forget that you are actually already about 1 month behind on that 18 months! make it take 1 year to pay it off so you will be well within bounds and not have to worry at all, and i would not charge anything else to that card until you pay off the tv just to be sure. fyi, you get no cc rewards points for purchasing promotional items that are free of finance charges.

10/29/2007 1:00:38 PM

Call me old fashioned, but if you don't have enough cash to buy a goddamned TV then you should probably stick with the 13" sets you find in the dumpster.

10/29/2007 10:17:41 PM

^ You make money on an interest free loan.

10/29/2007 10:42:57 PM

Quote :

"You make money on an interest free loan."

EXACTLY! When I bought my wifes engagement ring I had the cash saved but got a credit card that gave me 18 months 0% with a $20,000 limit. I easily made several hundred dollars by NOT paying in cash.

10/29/2007 11:00:52 PM

^^^ interest free loan ALWAYS is free money because their money is your money and you can borrow back and forth as you please!

10/30/2007 9:16:05 AM