I know alot of people here use Newegg to buy computer parts and such( who doesnt?). Has anyone ever tried the Bill Me Later service?, I understand you have 6 months to pay for everything or you get interest. I also heard there is a monthly payment option? I plan to get a new computer for gaming, i'm also rather impatient, nothing too expensive tho $500-$700 at most. Do they accept debit card aswell?
Newegg's Bill me later service?
- Thread starter thrall
- Start date
I used it for my last purchase last Black Friday. Depending on the amount of the "loan," you have either 6-months or 12-months to repay everything back before interest is then incurred. By default, you have to pay about $25/mo minimum, otherwise you would technically "default," and the penalty would be the amount becomes due immediately, or with the interest rate in effect.
If you don't want to save up for it, but you can budget your money wisely (say $100/mo), you can go ahead buy now, and then for the next 6 months pay $100 back to Newegg each month, or save it all for the last payment, and only paying the minimum amount per month.
The Bill Me Later service is an additional feature to your standard Newegg account that is actually independent. Depending on your credit history, Bill Me Later may extend/reduce the amount of a loan you're allowed to take (which is essentially what you are doing). Of course, you don't have to take advantage of the full amount of the limit, it's just there if you need it (I don't recommend it unless you definitely need to and can afford it).
Please let me know if you have any other questions.
If you don't want to save up for it, but you can budget your money wisely (say $100/mo), you can go ahead buy now, and then for the next 6 months pay $100 back to Newegg each month, or save it all for the last payment, and only paying the minimum amount per month.
The Bill Me Later service is an additional feature to your standard Newegg account that is actually independent. Depending on your credit history, Bill Me Later may extend/reduce the amount of a loan you're allowed to take (which is essentially what you are doing). Of course, you don't have to take advantage of the full amount of the limit, it's just there if you need it (I don't recommend it unless you definitely need to and can afford it).
Please let me know if you have any other questions.
Ah thanks for the info. From what i've gatherd, ill have 12 months of no interest, no payments since my price came out to be $699.97. But as i read they dont accept credit cards/debit cards, so is it just taken out of the bank? I know i could afford the payments on time. Only $150 a month goes to car insurance.
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Alright, so some snooping around, here's some info from the Newegg Preferred Acct site:
What is the Newegg.com Preferred Account?
The Newegg.com Preferred Account is offered through WebBank, Salt Lake City, Utah It is a credit card account that gives you special savings, financing and other exclusive benefits to reward you for being a loyal Newegg.com customer. You'll also receive a dedicated credit line so you can buy the Newegg.com products you need.
Why should I use my Newegg.com Preferred Account?
With your Newegg.com Preferred Account, you can get special financing throughout the year on hundreds of items at Newegg.com.
What is my credit limit?
Your credit limit is based on the credit information provided to us at the time of your application. The credit we extend to you can also be affected by how you maintain the account with us.
Do I need to pay my balance in full every month?
No, you'll have the option of paying your balance in full or over time. Monthly payments are the greater of 3% of your total statement balance or $35.
How do I contact Customer Care?
We are dedicated to providing you with total ease and convenience when it comes to making purchases. If you have any questions or concerns, you can reach us by toll free telephone number, e-mail or letter. Visit our help section for details.
How do I use my account?
Simply select the Newegg.com Preferred Account as your payment option when you check out at Newegg.com. The Newegg.com secure check-out method will never require you to enter your account number.
Where can I review the complete terms and conditions for the Newegg.com Preferred Account?
You can click here or review them at check-out.
https://www.billmelater.com/cm/pricing-addendum-newegg.html
https://www.securecheckout.myprefer...h=MMS265PS&content=/neweggweb/nepawebtnc.html
How can I pay my bill?
Pay your bill online! To sign up, locate the "Register Account" link on the homepage. To register, simply agree to the Newegg.com Preferred Account Pay Online Terms and Conditions. Next, just login and select "Payment Center". You can pay your Newegg.com Preferred Account account online using either a checking or savings account.
To pay your bill by postal mail, forward your check to:
Newegg.com Preferred Account
P.O. Box 105658
Atlanta, GA 30348-5658
Please include your Newegg.com Preferred Account number on your check. Your account number can be located on your statement. Please do not send payments to the merchant where you made a purchase.
Are there other ways to pay my Newegg.com Preferred Account bill?
You can pay your Newegg.com Preferred Account account online using either a checking or savings account.
To pay by our automated phone service...
To pay by phone, please call 888-609-0794
To pay by mail...
Newegg.com Preferred Account
P.O. Box 105658
Atlanta, GA 30348-5658
Please include your Newegg.com Preferred Account account number on your check. Your account number is located on your statement. Please do not send payments to the merchant where you made a purchase
Can I send a money order as payment?
Yes, you can send a money order as long as your account number is referenced on it. Your account number can be located on your statement. Please do not send payments to the merchant where you made a purchase.
Can I pay with a credit card?
At this time, we do not accept credit cards for payments.
Can I send cash as a payment?
No, we do not accept cash payments.
Can I pay using my bank's online bill pay service?
Yes you can. You should follow the process defined on your bank's website.
What is the Newegg.com Preferred Account?
The Newegg.com Preferred Account is offered through WebBank, Salt Lake City, Utah It is a credit card account that gives you special savings, financing and other exclusive benefits to reward you for being a loyal Newegg.com customer. You'll also receive a dedicated credit line so you can buy the Newegg.com products you need.
Why should I use my Newegg.com Preferred Account?
With your Newegg.com Preferred Account, you can get special financing throughout the year on hundreds of items at Newegg.com.
What is my credit limit?
Your credit limit is based on the credit information provided to us at the time of your application. The credit we extend to you can also be affected by how you maintain the account with us.
Do I need to pay my balance in full every month?
No, you'll have the option of paying your balance in full or over time. Monthly payments are the greater of 3% of your total statement balance or $35.
How do I contact Customer Care?
We are dedicated to providing you with total ease and convenience when it comes to making purchases. If you have any questions or concerns, you can reach us by toll free telephone number, e-mail or letter. Visit our help section for details.
How do I use my account?
Simply select the Newegg.com Preferred Account as your payment option when you check out at Newegg.com. The Newegg.com secure check-out method will never require you to enter your account number.
Where can I review the complete terms and conditions for the Newegg.com Preferred Account?
You can click here or review them at check-out.
https://www.billmelater.com/cm/pricing-addendum-newegg.html
https://www.securecheckout.myprefer...h=MMS265PS&content=/neweggweb/nepawebtnc.html
How can I pay my bill?
Pay your bill online! To sign up, locate the "Register Account" link on the homepage. To register, simply agree to the Newegg.com Preferred Account Pay Online Terms and Conditions. Next, just login and select "Payment Center". You can pay your Newegg.com Preferred Account account online using either a checking or savings account.
To pay your bill by postal mail, forward your check to:
Newegg.com Preferred Account
P.O. Box 105658
Atlanta, GA 30348-5658
Please include your Newegg.com Preferred Account number on your check. Your account number can be located on your statement. Please do not send payments to the merchant where you made a purchase.
Are there other ways to pay my Newegg.com Preferred Account bill?
You can pay your Newegg.com Preferred Account account online using either a checking or savings account.
To pay by our automated phone service...
To pay by phone, please call 888-609-0794
To pay by mail...
Newegg.com Preferred Account
P.O. Box 105658
Atlanta, GA 30348-5658
Please include your Newegg.com Preferred Account account number on your check. Your account number is located on your statement. Please do not send payments to the merchant where you made a purchase
Can I send a money order as payment?
Yes, you can send a money order as long as your account number is referenced on it. Your account number can be located on your statement. Please do not send payments to the merchant where you made a purchase.
Can I pay with a credit card?
At this time, we do not accept credit cards for payments.
Can I send cash as a payment?
No, we do not accept cash payments.
Can I pay using my bank's online bill pay service?
Yes you can. You should follow the process defined on your bank's website.
- Joined
- Feb 13, 2011
- Messages
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He is talking about Bill Me Later which is a 6 month "same as cash" service that is owned by PayPal
https://www.billmelater.com/index.xhtml?gclid=CPqqm8amr7ICFWWCQgodPBsAXQ
If you read the previous posts, I already said I use Bill Me Later (it's the 2nd post of the thread). I was providing additional information about what is the Newegg Preferred Account.
FYI: It's not just a 6-month loan, but 12-months as well, free of interest depending on the amount of the purchase order and your credit score, etc. Which I already said before.
