Have you ever used the "Bill Me Later" Option?

Discussion in 'Community Discussion' started by andreab35, Dec 7, 2008.

  1. andreab35 macrumors 6502a

    andreab35

    Joined:
    May 29, 2008
    Location:
    USA
    #1
    Hey guys!
    Have you ever used the "Bill Me Later" option online, like somewhere on Amazon.com?
    How does it exactly work? Is there any extra charge later on since you are paying at a later time? Do you have to sign up for anything in order to use the option?

    For instance, say I went on Amazon.com and I was purchasing a $150 item. I check of the Bill Me Later option. Later when I receive the bill, will I be charged like $160 instead of $150?

    I tried reading about it, but I don't quite understand for some odd reason.

    I appreciate it if you can clarify about this option. Thank you! :)
     
  2. SpaceKitty macrumors 68040

    SpaceKitty

    Joined:
    Nov 9, 2008
    Location:
    Fort Collins Colorado
    #2
    It's just like applying for credit. You would get your first bill for a minimum payment of about $15 and you get a monthly bill untill it is paid off. The monthly charge includes a finance charge of course.
     
  3. Demosthenes X macrumors 68000

    Demosthenes X

    Joined:
    Oct 21, 2008
    #3
    I don't know about Amazon, but I did it last time I took out a magazine subscription. All it meant was that instead of giving them your credit card number at the time, they send you a bill. I think it's really only useful for people who don't have credit cards, so they can pay be cheque...
     
  4. synth3tik macrumors 68040

    synth3tik

    Joined:
    Oct 11, 2006
    Location:
    Minneapolis, MN
    #4
    your thinking of something completely different. What the OP is taking about it a line of credit that is set up by sites such as amazon.com and the like.
     
  5. SpaceKitty macrumors 68040

    SpaceKitty

    Joined:
    Nov 9, 2008
    Location:
    Fort Collins Colorado
    #5
    I mentioned exactly what it is in my post above. We used Bill Me Later at Apple.com to buy a Mac Pro back in June. It's a credit account without a credit card, finance charges and all.
     
  6. gmecca2 macrumors regular

    Joined:
    Jan 17, 2008
    #6
    They obviously make you punch in your social security number though. Right? So those with bad credit need not apply. Pay Cash and Save on the finance charges or buy from a place that offers zero interest for a set time period.
     
  7. SpaceKitty macrumors 68040

    SpaceKitty

    Joined:
    Nov 9, 2008
    Location:
    Fort Collins Colorado
    #7
    Yes, it uses your S.S. number and your credit score to approve you or not.
     
  8. cantthinkofone macrumors 65816

    cantthinkofone

    Joined:
    Jul 25, 2004
    Location:
    Missouri, USA
    #9
    I've tried too but it always declines me. Doesn't matter what the amount is. $10-$1000.
     

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