B&H Photo
Feb 25, 2021 10:39:29 #
MountainDave wrote:
Synchrony Bank issues credit to people with lower credit ratings than the big banks and thus charges more interest
Actually, the interest rate is pretty standard for store-brand cards:
Amazon.com Store Card or Amazon Prime Store Card accounts, standard variable purchase APR is *28.24%*
Kohl's, Macy's, JC Penney, all in the 29% range
Lord & Taylor was 28%
TJMaxx 28%
Game Stop 28%
Staples 29%
Zales 30%
Big Lots 30%
Apple Card As of 01/01/2019, Variable Purchase APR is 28.24%.
Gap - For new accounts: As of 01/01/2019, Variable Purchase APR is 28.24%.
Adorama 29.99%
Newegg 29.99%
Quote:
I'm sure the program is initiated to gain more customers who will use it in places other than B&H.
Neither of B&H's cards (Payboo or Finance) can be used to buy anything from anyone other than B&H.
Feb 25, 2021 11:15:31 #
StevenG
Loc: Long Island, NY
Hanson wrote:
Any experience in the B&H Photo's PayBoo card? Is it a good idea to have/use one? What is the catch?
Get one! No gimmick. Save the tax. On a large purchase you will save hundreds of dollars. Small purchases add up as well.
Feb 25, 2021 11:49:20 #
henryp wrote:
Neither of B&H's cards (Payboo or Finance) can be used to buy anything from anyone other than B&H.
Big bank cards charge less. It's academic for me since we never pay CC interest anyway.
I didn't know payboo couldn't be used elsewhere. Obviously I never tried!
Feb 25, 2021 12:00:28 #
Photoshark
Loc: Oregon
Damn thing doesn't work in Oregon. Oh wait! We don't have sales tax here :) Just clowning around guys
Feb 25, 2021 12:01:51 #
Hanson wrote:
Any experience in the B&H Photo's PayBoo card? Is it a good idea to have/use one? What is the catch?
It’s a GREAT idea, especially for a big ticket item. I saved $200 in addition to the $100 off sale price on a recent lens purchase!
Feb 25, 2021 12:31:18 #
azted
Loc: Las Vegas, NV.
Peterfiore wrote:
However, the sales tax burden is left to you to pay your state. If you are in business it's a must-do. Actually, it's always a must-do.
Not True! The sales tax is paid by B&H as on any other sale. You have no further responsibility.
Feb 25, 2021 12:43:06 #
No catch whatever. I have used it to buy an ipad, computer etc, and B&H pays the sales tax..WONDERFUL!
Been very happy using it since it first came out
Been very happy using it since it first came out
Feb 25, 2021 12:57:02 #
josquin1
Loc: Massachusetts
What is wrong with paying the sales tax? Roads need to be repaired, education needs to be constantly improved, ambulances need to run. What is wrong? Taxes keep societies functioning.
Feb 25, 2021 13:16:12 #
josquin1 wrote:
What is wrong with paying the sales tax? Roads need to be repaired, education needs to be constantly improved, ambulances need to run. What is wrong? Taxes keep societies functioning.
The sales tax IS PAID! B&H and Payboo are paying it. So instead of getting back the 2 or 3% that some credit cards give, these two companies have teamed up to pay the sales tax for you (you get credited for the amount of sales tax that is applied at the time of purchase). In my case, purchases at my local stores are taxed 9%. So Synchrony Bank and B&H pay this for me. Thank you
Synchrony and B&H (don't know which of these pay what amounts).
One could argue we should support our local photography stores. However B&H have a number of policies (like the ability to return a lens and camera for full refunds if one doesn't find them adequate) which my local stores don't. So prefer B&H.
PS. True story: When I bought my first expensive lens almost 10 years ago from our local photography store, I asked what the return policy was. The salesman said, like with a car, as soon as I walked out the door, they would take it back as "used equipment" at a steep discount from the price I paid. So I switched my business to B&H (that store subsequently went bankrupt).
Feb 25, 2021 13:17:30 #
Positive. I have spent $$$$ and appreciate the savings. No catches. I do not use the card for anything but B&H purchases.
Feb 25, 2021 13:38:20 #
It’s a great idea, as long as you pay it off each month. I’ve saved hundreds of dollars that way.
Feb 25, 2021 13:39:59 #
Feb 25, 2021 13:51:13 #
ricardo00 wrote:
Have had it since they started. No "catch&qu... (show quote)
I agree. I have saved so much money this way. They will eat Adorama's lunch unless they find out how to do the same.
Feb 25, 2021 13:54:07 #
Feb 25, 2021 14:18:27 #
ek2lckd wrote:
I THOUGHT IT WAS JUST A MARKETING TOOL TO GIVE YOU A DISCOUNT
for real, and easy. just set it up....
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