1963mca wrote:
If I read the info correct, the sales tax IS being paid to the state by B&H, you aren't c***ting the state out of anything. What appears to be happening is that B&H is still paying the sales tax and at the same time refunding you the same amount of sales tax you paid. It seems like they would be losing money but my guess is that B&H is hoping that you will use your credit card and pay the monthly charge rather than paying off the card all at once. If you pay the monthly CC charge, it won't take long until the CC card interest you pay will far exceed the paltry x% sales tax you have saved. I figure B&H looked at the amount of credit card sales they take in and figured they should be getting the CC interest instead of Visa or Mastercard, and the x% sales tax rebate to get people to use their card is a small amount to sacrifice compared to the 29+% interest rate on their card, that would add up fast. Just my thoughts.
If I read the info correct, the sales tax IS being... (
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You nailed it exactly. If I was a company, I would be more than glad to offer up the sales tax rebate as a means to get customers to charge things. I will make a whole lot more money from the 29.99% interest rate when payments are made monthly. Leave it to the folks at B&H to tap into their customer's burning desire and GAS attacks. Just imagine purchasing a Z6 camera for $2500. The sales tax rebate could be upwards of $250 "refund". But at 29.99% interest, you will pay $750 in interest during the year if you don't pay off the balance as soon as you get the bill (not sure if there is an interest charge if you pay the card off as soon as you get the bill). Anyway it's a smart gimmick on their part......