Barclays backing out of finance

Polaroid

macrumors 6502a
Original poster
Oct 1, 2013
988
1,038
Barclays has backed out the finance option for Apple watch:

Okay, Barclays have changed their agreement with us regarding the Apple watch just over the last few days so this has not yet been updated on our website. They are no longer financing applications for the watch. If you have been accepted they will contact you to advise you that they do not finance them anymore. I am very sorry about that
Thus my order has been cancelled.
 

frankeliason

macrumors member
Sep 18, 2014
69
0
PayPal credit and Barclays financing are two different things. If you have PayPal credit, PayPal just made that the default selection but PayPal credit is not accepted everywhere.
 

Polaroid

macrumors 6502a
Original poster
Oct 1, 2013
988
1,038
PayPal credit and Barclays financing are two different things. If you have PayPal credit, PayPal just made that the default selection but PayPal credit is not accepted everywhere.
Ah I see, I thought it was same process as Barclays, only they automatically do the checks straight away.

Dang! Thanks anyway!
 

Polaroid

macrumors 6502a
Original poster
Oct 1, 2013
988
1,038
What about those with a current contract?
Spoke to apple and it seems existing ones will be ok - just ones over next few days wi change? Not sure :s

The other apple person I spoke to says order has gone through ok with the Barclays finance and it's in processing now.... Maybe it's orders over next few days with Barcleys will change?
 

largefarrva

macrumors 6502a
Jun 30, 2012
873
342
OP are you talking about the Apple Rewards card from Barclaycard? And if so are you saying that Barclaycard is now refusing to accept charges for the Apple watch?

This is very strange because if you go to the Barclaycard website they still advertise having the Apple Rewards card there as well as on Apple's website you can still apply for it there. I don't see why Barclaycard would care what you're buying at the Apple store while using your Apple Rewards card.

Sorry, I'm a bit confused by this thread. I used my Apple Rewards card for the points and if there's a chance it's going to automatically decline and cancel my order then I need to change my method of payment pronto.
 

bruinsrme

macrumors 604
Oct 26, 2008
6,553
2,275
Why finance?
Having just purchased $1500 worth of hockey equipment.
Another $800 on sticks, upcoming trip to Vegas, followed by a trip to Seattle,
A couple weekend getaways in New Hampshire I didn't want to dig deeper into the slush fund.
So I'll use their money until fall rolls around.
 

Polaroid

macrumors 6502a
Original poster
Oct 1, 2013
988
1,038
Because I'd rather pay it off monthly than upfront? None of your business why someone would rather use finance.

The options there so why question or judge?

Besides I am an avid film collector and just spent a fortune on a boxset so wouldn't be able to pay for watch till next month and I can't wait :p

----------

OP are you talking about the Apple Rewards card from Barclaycard? And if so are you saying that Barclaycard is now refusing to accept charges for the Apple watch?

This is very strange because if you go to the Barclaycard website they still advertise having the Apple Rewards card there as well as on Apple's website you can still apply for it there. I don't see why Barclaycard would care what you're buying at the Apple store while using your Apple Rewards card.

Sorry, I'm a bit confused by this thread. I used my Apple Rewards card for the points and if there's a chance it's going to automatically decline and cancel my order then I need to change my method of payment pronto.

Never heard of that tbh! I'm just referring to the standard finance option through apple site ^^
 

largefarrva

macrumors 6502a
Jun 30, 2012
873
342
Ok gotcha. I didn't realize that the standard financing through Apple's website was through Barclaycard as well. Makes sense though.

We've had our Apple Rewards cards since November when we used it to buy two retina iMacs. Interest free for 18 months and we got enough points for $175 worth of Apple store gift cards. We used $125 of those gift cards to purchase two 2m watch chargers and my wife's 38mm blue sport band (band only) and the last $10 or so went on the Apple Rewards card. We still have $50 worth of gift cards. Nothing like free money....and for the people who shun using a credit card to buy things...yes we will have the balance paid off well before the 18 months comes around. We won't be paying a penny in interest.
 

Polaroid

macrumors 6502a
Original poster
Oct 1, 2013
988
1,038
Yeah with finance you can pay off sooner so less interest - I plan to pay off next month or at least half next month :)
 

JPIndustrie

macrumors 6502a
Mar 12, 2008
858
155
Queens, NY
If you read down a little bit you will see the answer. "I want it now, but I cannot afford it" A first world problem.
Why is does one need to match their obligations dollar for dollar to be considered someone who 'can afford' to use finance?

Why can't a person with the means and talent to pay it off in a reasonable amount of time be considered someone who can 'afford' to use finance?

There's probably some interest being made somewhere for the bank, why negatively paint a transaction as 'out of someone's means' when all parties (including the lender) is smart enough to still participate?
 

Polaroid

macrumors 6502a
Original poster
Oct 1, 2013
988
1,038
If you read down a little bit you will see the answer. "I want it now, but I cannot afford it" A first world problem.
And? It's my life and I will finance things how I wish and when I want. I have a great credit score so why not use that to my advantage? It's none of your business.
 

largefarrva

macrumors 6502a
Jun 30, 2012
873
342
Don't you get it? It's a way for someone who thinks they are better than you, for whatever made up reason in their head, to pick a subject and be judgmental towards you in order to make themselves feel better that they are somehow better than someone else. Narcism at it's finest. They clearly are better than you, somehow.

I always love it when threads turn into this sort of discussion.
 

bruinsrme

macrumors 604
Oct 26, 2008
6,553
2,275
Why is does one need to match their obligations dollar for dollar to be considered someone who 'can afford' to use finance?

Why can't a person with the means and talent to pay it off in a reasonable amount of time be considered someone who can 'afford' to use finance?

There's probably some interest being made somewhere for the bank, why negatively paint a transaction as 'out of someone's means' when all parties (including the lender) is smart enough to still participate?
If financing is taken advantage of, it dilutes the prestige of being part of a small selection of the population with the over priced apple watch. Remember the arguments about the iPhone being sold at Walmart. How dare apple make the phone available to the common folk.
 

zmunkz

macrumors 6502a
Nov 4, 2007
920
228
Why is does one need to match their obligations dollar for dollar to be considered someone who 'can afford' to use finance?

Why can't a person with the means and talent to pay it off in a reasonable amount of time be considered someone who can 'afford' to use finance?

There's probably some interest being made somewhere for the bank, why negatively paint a transaction as 'out of someone's means' when all parties (including the lender) is smart enough to still participate?
I agree. Not to mention someone smart with their money can turn $700 into something more with a few months of hustling... Why just give that right over to Apple and miss the chance? You need money to make money, am I right? Even when I can pay off a small loan I'll decide to or not based on what else is going on and the cost in interest to do one verse the other. It is not true that a couple bucks in interest is always the worst financial outcome. Sometimes it might be, sometimes not. Why not finance and have both options open? That's just my 2 cents (+1 cent interest).