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PAYBOO Card from B&H
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Mar 16, 2023 17:03:07   #
geagle1313
 
Has anyone recently used the new PAYBOO Card from B&H when making a purchase? Is the tax immediately credited to your purchase or is this just a credit against future purchases? What are the Pro's & Con's of using this method of payment? And do you find it worth opening a new credit card?

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Mar 16, 2023 17:09:03   #
Rgandel Loc: South Orange, NJ
 
I've used it a couple of times and it works. No problem. Tax is taken out at time of purchase.

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Mar 16, 2023 17:22:34   #
DaveO Loc: Northeast CT
 
geagle1313 wrote:
Has anyone recently used the new PAYBOO Card from B&H when making a purchase? Is the tax immediately credited to your purchase or is this just a credit against future purchases? What are the Pro's & Con's of using this method of payment? And do you find it worth opening a new credit card?


I saved well over $200 last week when they paid the Ct sales tax on my purchase.

My wife might disagree, but the sales receipt says so!

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Mar 16, 2023 18:04:56   #
MadMikeOne Loc: So. NJ Shore - a bit west of Atlantic City
 
geagle1313 wrote:
Has anyone recently used the new PAYBOO Card from B&H when making a purchase? Is the tax immediately credited to your purchase or is this just a credit against future purchases? What are the Pro's & Con's of using this method of payment? And do you find it worth opening a new credit card?


The credit is immediate. I use it frequently!

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Mar 16, 2023 18:34:19   #
DaveO Loc: Northeast CT
 
DaveO wrote:
I saved well over $200 last week when they paid the Ct sales tax on my purchase.

My wife might disagree, but the sales receipt says so!


Sorry for not answering the query. The sales tax deduction is immediate and the invoice shows the credit before you pay for the items.

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Mar 16, 2023 18:41:17   #
bsprague Loc: Lacey, WA, USA
 
When you buy they pay the sales tax as required by law. Then they give you a credit that equals the sales tax. I bought an 8TB WD external HDD last month. This is how they do it.

Subtotal: 134.99
Shipping: Free
Sales Tx 12.82
---------------------
Total: 147.81
PayBoo Credit: 12.82

Payboo Charge 134.99

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Mar 16, 2023 18:56:17   #
niteman3d Loc: South Central Pennsylvania, USA
 
Just make certain that you pay the balance in full over the next few days after purchase... if you let it go and forget, the interest rate is in the range of 30%. Not a card to carry a balance on, but great for saving money at time of purchase.

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Mar 16, 2023 19:37:09   #
jdubu Loc: San Jose, CA
 
bsprague wrote:
When you buy they pay the sales tax as required by law. Then they give you a credit that equals the sales tax. I bought an 8TB WD external HDD last month. This is how they do it.

Subtotal: 134.99
Shipping: Free
Sales Tx 12.82
---------------------
Total: 147.81
PayBoo Credit: 12.82

Payboo Charge 134.99


Absolutely correct. Sales tax is still charged and paid by you. The credit is against the price of the product purchased to offset taxes incurred. There is another option though. You cna elect for special 6 or 12 month financing on larger purchases, but there is no sales tax offset credit.

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Mar 16, 2023 20:20:05   #
rmorrison1116 Loc: Near Valley Forge, Pennsylvania
 
niteman3d wrote:
Just make certain that you pay the balance in full over the next few days after purchase... if you let it go and forget, the interest rate is in the range of 30%. Not a card to carry a balance on, but great for saving money at time of purchase.


Yes. I've used the card a few times and always pay the full balance. It's a good card for saving state sales tax but not a good card to carry a balance on.

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Mar 17, 2023 05:38:23   #
Ollieboy
 
Since I pay all my credit cards in full monthly it's a no brainer to try to use B&H first.

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Mar 17, 2023 06:03:27   #
DaveO Loc: Northeast CT
 
niteman3d wrote:
Just make certain that you pay the balance in full over the next few days after purchase... if you let it go and forget, the interest rate is in the range of 30%. Not a card to carry a balance on, but great for saving money at time of purchase.


It can be paid by the due date when you get a statement to avoid finance charges.

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Mar 17, 2023 06:41:40   #
SkyKing Loc: Thompson Ridge, NY
 
geagle1313 wrote:
Has anyone recently used the new PAYBOO Card from B&H when making a purchase? Is the tax immediately credited to your purchase or is this just a credit against future purchases? What are the Pro's & Con's of using this method of payment? And do you find it worth opening a new credit card?


…with an interest rate of 29.99% they will make back the sales tax and then some on any purchase that is not paid back in full on the first billing period…if you understand that, your golden…!

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Mar 17, 2023 07:04:13   #
DaveO Loc: Northeast CT
 
SkyKing wrote:
…with an interest rate of 29.99% they will make back the sales tax and then some on any purchase that is not paid back in full on the first billing period…if you understand that, your golden…!


B&H is not the lender, Comenity Bank is. Vendors pay banks for monies collected via the credit card. It is likely that B&H pays a lower rate and covers part of the cost incurred for their discount.

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Mar 17, 2023 07:35:10   #
BebuLamar
 
DaveO wrote:
B&H is not the lender, Comenity Bank is. Vendors pay banks for monies collected via the credit card. It is likely that B&H pays a lower rate and covers part of the cost incurred for their discount.


It's possible that the bank pay the tax in hope of getting the interest payment.

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Mar 17, 2023 07:44:40   #
billnikon Loc: Pennsylvania/Ohio/Florida/Maui/Oregon/Vermont
 
geagle1313 wrote:
Has anyone recently used the new PAYBOO Card from B&H when making a purchase? Is the tax immediately credited to your purchase or is this just a credit against future purchases? What are the Pro's & Con's of using this method of payment? And do you find it worth opening a new credit card?


PRO, I save 6% on all of my purchases, CON, you have to pay it off (in full) each month on you will pay interest.
I use it all the time. You must pay it off within the month so they do not charge you any interest, no problem for me. On a recent purchase of a lens I saved $60.00.
This is just ONE of the reasons I like B&H, very good customer service is another reason.

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