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Best Buy Credit Card No interest special question

bshamster2 102 27 March 8, 2012 at 06:45 PM
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I bought a tv about 8 months ago from best buy using my best buy credit card so that i could take advantage of the 36 month no interest financing special. However now I am interested in getting the "new" iPad and I want to use my best buy credit card to finance it with no interest from best buy under special. Is this possible? Can I have 2 no interest specials on the best buy credit card? Which balance will payments get applied to first, the old one or new one?

Thanks for the input

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#2
whats your limit
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#3
Quote from cavan View Post :
whats your limit
2k+ limit is not a problem. I just wasnt sure how the payments would work on the 2 balances.
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#4
Quote from bshamster2 View Post :
2k+ limit is not a problem. I just wasnt sure how the payments would work on the 2 balances.
Best to check the terms and conditions that came with the credit card, and/or call the number on the back of the card and speak to a CSR to get a definitive answer. It's usually possible to have multiple purchases bought at different times on such promotions, but I'm not sure how the payments would work.
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Marshall: Have the rest of you guys figured out by now that mmathis is the smartest guy on SlickDeals?
#5
I have never financed with BB but I am basing this on my own experience with promotional interest periods.

I have looked up an offer similiar to yours and it seems like it is this one [bestbuy.com]. Unlike the other financing offers by BestBuy this financing option does not include a 0% Purchase APR for an X amount of months but rather only the FIRST purchase is financed for that amount of time (in this case a Magnolia Home Theater). Any other purchases after the fact on this credit card have to be paid in full by the next billing statement PLUS the minimum payment for the TV otherwise you will get charged interest.

This statement in particular caught my interest "Certain rules apply to the allocation of payments and Interest Charges on your promotional purchase, if you make more than one purchase on your credit card. Call 1-888-367-4310 or review your cardholder/cardmember agreement for info."

In other words, your iPad will NOT BE COVERED under the original financing you had with your TV. Although to be sure you should call the number on the back of your card since the financing options for BB do change a lot and your promotional period could have included a 0% PURCHASE APR.
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Last edited by Nollywood March 8, 2012 at 08:41 PM
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#6
I was a Best Buy store associate and purchased many items using their special financing offer.

The bank will split the items into 2 different Financing Plan.

1. TV for 36 months
2. iPad for 6 months (assuming they still have the $299+ 6 months no interest)

On the bottom of the receipt for every purchase you make should tell you your financing term.

When the bill come you will see there are 2 financing plan split into 2 minimum payment due.
1. TV for 36 months - minimum payment is $36(random number)
2. iPad for 6 months - minimum payment is $10(random number)

Your total minimum payment will be $46 but of course you will more than likely to pay more than that so the rest of the amount will go to the iPad for 6 months no interest because it will end sooner than the 36 months plan.
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