Sneaky Apple practice?

Discussion in 'Buying Tips and Advice' started by Tadz, Mar 13, 2010.

  1. Tadz macrumors newbie

    Joined:
    Mar 13, 2010
    Location:
    Chicago
    #1
    Last August I purchased my first MBP during the "Buy a Mac for college and get a free iTouch promotion." I also applied for and received the 0% financing for 12 months on the purchase. I didn't need another iPod but I thought what the heck, free is free. My first surprise was that I was charged for the iTouch and would have to request a rebate on the purchase. When I got the rebate I added the amount of the rebate to my monthly payment, thus paying off the "free" iTouch. I have been sending monthly payments with the intention of paying off the MBP in 10 months. I received my March statement today and was surprised to see a $3.10 finance charge tacked on. I couldn't believe it, all my payments were on time and more than the minimum. I called BarclayCard and was told that the items are charged when they are shipped, the iPod shipped one day later than the MBP so it was charged on that day. In Barclay's eyes they see it as two purchases. The 0%/12months is for purchases over $900, and for purchases under $900, you only get 6 months 0% financing. Also they are applying my payments to the larger purchase first (MBP) then the iPod. So, as I told the kind lady at BarclayCard, I'm basically paying finance charges for a FREE iPod. They credited my account.
     
  2. techound1 macrumors 68000

    techound1

    Joined:
    Mar 3, 2006
  3. Denarius macrumors 6502a

    Denarius

    Joined:
    Feb 5, 2008
    Location:
    Gironde, France
    #3
    I long ago vowed never to deal with Barclays again.
     
  4. flyfish29 macrumors 68020

    flyfish29

    Joined:
    Feb 4, 2003
    Location:
    New HAMpshire
    #4
    I think that it in fact has some to do with Apple, but I don't believe there is any intentional deception here. However, I think it should be brought to Apple's attention. What if you had bought a printer, iPod, and other accessories- you would likely be looking at much bigger finance charges.

    That being said, Barclays is simply doing what all credit card companies do- apply payments to lower % things first. That is why I get so many 0% checks in the mail from all my CC companies. Because the minute you run up a credit card they want you to have 0% balance on there so your payments go towards the 0% part and you pay interest on the other charges. Luckily for me I pay off my CC every month so it isn't an issue. However, this whole issue should not be a problem in the US now with the new CC act- CC companies have to apply payments to the highest % items first.
     
  5. miles01110 macrumors Core

    miles01110

    Joined:
    Jul 24, 2006
    Location:
    The Ivory Tower (I'm not coming down)
    #5
    Not sure why that was a surprise. They've been doing that for years now, and it's stated clearly on the website and on pretty much every ad that it's for a rebate you can use to get the low-end iPod touch "free" after rebate, or put it towards any other iPod.
     
  6. flyfish29 macrumors 68020

    flyfish29

    Joined:
    Feb 4, 2003
    Location:
    New HAMpshire
    #6
    I agree Miles01110 - it is clearly stated as a rebate- no different than going to a brick and mortar store to buy something on rebate.

    Also, the reason they do the rebate thing is that a % of people never send in for rebates so it ends up costing less for the promotion.
     
  7. melchior macrumors 65816

    melchior

    Joined:
    Nov 17, 2002
    #7
    this is how credit works the world over, it's a business designed to screw you a little in exchange for the convenience of not forking over cash. at least now you know you're getting screwed.
     
  8. Airforcekid macrumors 65816

    Airforcekid

    Joined:
    Sep 29, 2008
    Location:
    United States of America
    #8
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 3_1_3 like Mac OS X; en-us) AppleWebKit/528.18 (KHTML, like Gecko) Mobile/7E18)

    That card isn't involved with Apple just gives people a speccial deal they promote.
     
  9. trip1ex macrumors 68000

    Joined:
    Jan 10, 2008
    #9
    credit card law was recently changed.

    ONe change:

    "Highest interest balances paid first: When consumers have accounts that carry different interest rates for different types of purchases (i.e., cash advances, regular purchases, balance transfers or ATM withdrawals), payments in excess of the minimum amount due must go to balances with higher interest rates first. Current industry practice is to apply all amounts over the minimum monthly payments to the lowest-interest balances first -- thus extending the time it takes to pay off higher-interest rate balances.
    "

    But probably too late to help you.
     
  10. snberk103 macrumors 603

    Joined:
    Oct 22, 2007
    Location:
    An Island in the Salish Sea
    #10
    I don't normally correct other people's spelling - but when it is their signature I will make an exception since it's not really part of a conversation.

    I will just point out that "wine" might not be word you were meaning to send out over and over again, every time you post. :)
     
  11. The Past macrumors 6502

    Joined:
    Aug 17, 2004
    #11
    OP does have a point. If two items are on a receipt and the purchase is supposed to qualify for a promotion, the fact that they shipped separately should not matter.
     
  12. flyfish29 macrumors 68020

    flyfish29

    Joined:
    Feb 4, 2003
    Location:
    New HAMpshire
    #12
    Yeah, but Apple only charges the credit company....all the credit company knows is that there were two charges on different days.
     

Share This Page