Barclay's Card for Financing

Discussion in 'iMac' started by cjhorist, Apr 20, 2011.

  1. cjhorist macrumors member

    Joined:
    Mar 13, 2011
    #1
    I know this is probably not the precisely correct forum for this post, but as I will be using the card on a new iMac, hopefully we can let it slide. :cool:

    So I'm planning on buying my new iMac on the Barclays card, with the 12 month same-as-cash financing plan (other than monthly minimum payments). Does anyone know the average time it takes to get approved for this card? Can I safely wait until the refresh is up because I can get approved quickly? Should I get it this weekend (hedging my bets that it will definitely refresh within the next 30 days)?

    After all this wait I definitely don't want to have downtime after the new machines are available.:p

    Anyone used it before? Thanks!

    -cjh

    EDIT** I have good credit -- 700+
     
  2. DannyBres macrumors 65816

    DannyBres

    Joined:
    Oct 30, 2007
    Location:
    UK
    #2
    Normally its about 5 days from you registerign to gettign the letter which you sign and return so proably about 2 weeks to get the card!

    What is same as cash?! Wouldn't tescos interest free purchases for 12/14 months be better?!

    also how do you find your credit rating? I wanna know mine! :)
     
  3. mackage macrumors 6502

    Joined:
    Apr 6, 2011
    #3
    You can apply and have the approval in about five minutes online. It will tell you how much you have been approved for and you can buy whatever you want right then. You dont have to wait for anything.
     
  4. mackage macrumors 6502

    Joined:
    Apr 6, 2011
    #4

    Myfico.com for your true ratings banks use. You have to pay for them.
     
  5. cjhorist thread starter macrumors member

    Joined:
    Mar 13, 2011
    #5
    Tesco! Man I miss that place. I'm from the states, but I was in London this summer -- I love the 10 jelly filled donuts (for something crazy like 1 gbp).

    But anyway -- not sure I have access to the tesco deal. But apple's deal is 6/12 month financing for purchases over 500/1000 US with no interest so long as you pay it all off by the deadline (hence "same as cash"). But I do know that with the Barclay's card you have to pay off a monthly minimum which is like $14 US I believe.

    As far as credit score, I got a car last year so the guy looked up my credit score before financing. But I'm pretty sure there are sites that will do it for you for free.

    -cjh

    PS Yikes! 2 weeks. I better get it now! Thanks for the info :D
     
  6. cjhorist thread starter macrumors member

    Joined:
    Mar 13, 2011
    #6
    oh.. nice! That's better than 2 weeks :p

    -cjh
     
  7. leman macrumors 604

    Joined:
    Oct 14, 2008
    #7
    I used to have a Barclay's Card in Germany and I honestly can't recommend it. Unfortunately, the bank seems to employ the usual mobile carrier tactics (fine print, "default" actions and terms etc.). Overall, they didn't give me what they promised (for instance, I should have received a second card but I never did), the conditions were not clearly specified (I applied for the account based on a specific promo but later they denied that saying "I got it all wrong", in the result I lost money), they bombed me with spam (both written and telephone), they did not answer my mail and canceling the account was not straightforward as well.

    It is entirely possible that Barclay's at your place is more reasonable then the German division though...
     
  8. mackage macrumors 6502

    Joined:
    Apr 6, 2011
    #8
    If you want your REAL credit score, you want your FICO score and it is NOT free.
     
  9. ZilogZ80 macrumors 6502a

    Joined:
    Aug 5, 2010
    #9
    In the UK you can get a free trial on the CreditExpert (Experian) website. Just remember to cancel before the end of the trial or they will bill you!
     
  10. DannyBres macrumors 65816

    DannyBres

    Joined:
    Oct 30, 2007
    Location:
    UK
    #10
    it will take 5 minutes to get your credit limit and approval but you cannot order your imac untill the card arrives!
     
  11. mackage macrumors 6502

    Joined:
    Apr 6, 2011
    #11
    You are absolutely wrong. My sister just applied in 2 minutes,was approved for 2k, and then used the card to purchase a new Macbook Pro immediately.
     
  12. DannyBres macrumors 65816

    DannyBres

    Joined:
    Oct 30, 2007
    Location:
    UK
    #12
    Wow! They gave her the 16 digit code, expiry date, and security code fo her card stright away?!

    Both CC I have got in the last 2 years have required me to verify my identity first!
     
  13. Shivetya macrumors 65816

    Joined:
    Jan 16, 2008
    #13
    I was approved while making my purchase of my 09 iMac. I used their card because of the interest free offer. So, if you have good credit it should be instantaneous.
     
  14. rsted222 macrumors regular

    Joined:
    Apr 12, 2011
    #14
    Bougth my iMac on Thurs using this card

    Applied online at the apple site and it took about 1 minute. I plan on making monthly payments for 12 months and avoid the interest.

    btw, I got my iMac the next day.
     
  15. Kendo macrumors 68000

    Joined:
    Apr 4, 2011
    #15
    What exactly is the appeal about the Barclays card? The 12 months with no interest isn't anything special considering opening just about any high profile credit card for the first time will also grant you 12 months interest free. You might as well sign up for a card that also gives cash back or extra bonus points like Chase Freedom or one of the AMEX credit cards (not to be confused with their charge cards).
     
  16. rsted222 macrumors regular

    Joined:
    Apr 12, 2011
    #16
    The "appeal" is that you can do it at the apple site, within minutes, and instantly make your purchase. From there, you have to be smart, shred the card, and make the payments (with no interest).
     
  17. winty03, Apr 21, 2011
    Last edited: Apr 21, 2011

    winty03 macrumors regular

    Joined:
    Jan 16, 2008
    #17
    A buddy of mine talked me into Citi Identity Monitor. I got signed up on a promo for $5.99 a month and that was one of the best things I have ever bought. It allows/gives you a free credit report every 30 days showing what the 3 companies are reporting. It emails/alerts you if there are ANY changes to your credit, instantly. And what I use the most is "credit analyzer" you're able to look ahead and input possible changes to your credit and it will show you what your score will do..up or down. I use it to pay off or maintain accts that will maximize my points. I have good credit 800+; but I am able to squeeze every last point out of my score and ALWAYS know where my credit is.....no more guessing, praying or hoping when going to bank to loan $$.

    http://www.identitymonitor.citi.com/index.aspx?source=IMN00518
     
  18. Kendo macrumors 68000

    Joined:
    Apr 4, 2011
    #18
    I too have just squeezed past the 800 credit score zone and I am always paranoid about it dropping. Which is why I don't think it is a good idea to open a credit card solely for the purpose of getting 0% free. If you absolutely must open one, you should opt for a card with great bonus points or cash back since you are essentially stuck with it.

    Opening a new card automatically increases the average age of all of your accounts and the older the average, the better. Creditors do not like seeing people who open a lot of new accounts because it is portrayed as them not having enough funds available which is why they need more cards (which means more credit risk).

    It doesn't matter if you are 21 but if you are nearing the late twenties or early thirties where you plan to finance a home, having a great credit score will guarantee the absolute lowest interest rates.
     
  19. blevins321 macrumors 68030

    Joined:
    Dec 24, 2010
    Location:
    Winnipeg, MB
    #19
    Amazon's GE Money Bank card is another good alternative. They offer 12-month financing on computers. Might be worth looking into if you aren't going with any upgrades. Might save you a good deal of change too thanks to their discount + no tax in some places.
     
  20. ghostlyorb macrumors 6502a

    ghostlyorb

    Joined:
    Jan 9, 2010
    Location:
    Virginia, USA
    #20
    I used that to buy my current mac (see signature). I had to use my Mom's name and all.. since I'm under 18. She got approved on the spot. So I'm sure if you have good credit.. you'll get approved. And!.. since they work directly with Apple... you don't have to wait until the card comes in the mail to make a purchase.. it sends your info to your apple account. (You have 30 mins to make the purchase though, otherwise you have to wait for the card to come in the mail).
     
  21. archer75 macrumors 65816

    Joined:
    Jan 26, 2005
    Location:
    Oregon
    #21
    I used it to purchase my ipad. Approved and bought it in 5 minutes. Paid it off early then cancelled the card so I can re-open another one when the imacs come out and I can get the promo again.
     
  22. blevins321 macrumors 68030

    Joined:
    Dec 24, 2010
    Location:
    Winnipeg, MB
    #22
    Err, you didn't have to cancel the card. There's no annual fee or minimum payment (when you carry no balance). It actually hurts your credit to open and close cards like that. And the promo is good anytime; not just when you first open the card.
     
  23. Bmaintz macrumors member

    Joined:
    Aug 1, 2010
    Location:
    Austin, Texas
    #23
    $5.99 a month sounds great BUT I looked them up & got.....
    "At just $12.95 per month, Citi Identity Monitor"
    Where did you get the $5.99??
    Bob
     
  24. winty03 macrumors regular

    Joined:
    Jan 16, 2008
    #24
    DEAD ON! Could not agree with you more!! Let alone about the worst cards you can get (for score wise) are "the store" cards. Their reasoning.....first card people in trouble don't pay .....store cards, very high liability! So you defiantly need to watch the benefit of 0 percent for some amount of time....vs. you credit score getting BLASTED!! 12 month zero% is NEVER worth opening a new card! Swipe it away on my one and only cc, and pay that balance off as fast as possible.....would rather do business with a bank and let them make some $$ on me...rather than sinking my score 30 points for a tech device.
     
  25. winty03 macrumors regular

    Joined:
    Jan 16, 2008
    #25
    they run promos here and there...
     

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