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Regular Contributor
Posts: 201
Registered: ‎08-19-2012
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Amazon Financing

So, I was looking at the amazon forums, and it's pretty much people who say the amazon credit card  is a scam, from people who state they didn't receive their statements, they can't figure out how to pay,  to they thought 6 months interest free meant no payments at all for six months. You know the usual crazy stuff. So, instead of asking there, real quick question...

 
1. When you do the 6-12 month financing, and start paying on it. Few months later, while still paying on it, you get something else.How do you know that your payment is going towards your financing portion and not the new item. Will the minimum payment on the statement reflect this or both items?
 
2. Also, I'm going to do 99.99% of my Christmas shopping on Amazon, to the point where I'll be close to maxing out my Card. (It's only about $800) Should I send them a secured e-mail, to let them know my intention. I just don't want them(to do like I see so many others) to drop my limit due to maxing my card.
 
Thanks
Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
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Re: Amazon Financing

balance is a balance is a balance.  You still owe it.  They'll just deduct your finance offer purchase out of the balance, at time % should be applied from other purchases.

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Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
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Re: Amazon Financing

citi forward 5% amazon and 5% restaurants movie tickets bookstores (which amazon is classified as) 0% interest for 12 months   $100 sign up bonus after spending $650


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Regular Contributor
Posts: 201
Registered: ‎08-19-2012
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Re: Amazon Financing

[ Edited ]

Repo-ed wrote:

balance is a balance is a balance.  You still owe it.  They'll just deduct your finance offer purchase out of the balance, at time % should be applied from other purchases.


 

Not what I asked. I trying to make sure payments are made correctly so that it stays in the current financing timeframe and they dont try to hit me with the interest

Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
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Re: Amazon Financing

I dont know a exact response to your question but every time ive used the 6/12/18 months 0% offers I make sure I dont use that card until I pay off whatever I bought. That what I dont have to worry about what you are asking
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Valued Contributor
Posts: 1,540
Registered: ‎01-29-2008
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Re: Amazon Financing

Was you interested at all with the Amazon visa card as I see you already have a account with Chase $5,000 limit, this holiday season Amazon   is giving out a $50.00 gift certificate with the apping for the Visa , you probably would have been approved with a high limit since you already have a chase account.?


Starting Score: EQ 546 TU 566
Current Score: EQ 693TU 08 729 EX 08 738Need to Garden/New Accounts
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Regular Contributor
Posts: 201
Registered: ‎08-19-2012
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Re: Amazon Financing

I preferred the Store Card for the 0% financing that they offer on all their products, all year round even from third party sellers..

Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
Regular Contributor
Posts: 242
Registered: ‎06-07-2011
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Re: Amazon Financing

I don't know how they apply the payments when you have more than one promotional offer on there. What I do know is that if you look at your statement it will show you your promotional purchase summary of all the promotional offers you have at the time. If you look at one statement and then the next months statement you can somewhat figure out how much of your payment is being applied to the promotions.

 

Also online under Statements there is a Promotional Summary option that shows you the balances and expiration dates including accrued interest. Hope this helps!

Contributor
Posts: 253
Registered: ‎08-06-2012
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Re: Amazon Financing

Your payment gets applied to the promotional purchase FIRST, thus any additional purcheses you make will generate interest charges. 

This is how they get you. So if you're going to make a large promo purchase either resolve to retire the card until that is paid off or know you're going to pay interst on new purchases. 


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Regular Contributor
Posts: 201
Registered: ‎08-19-2012
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Re: Amazon Financing


SpeedingWheels wrote:

Your payment gets applied to the promotional purchase FIRST, thus any additional purcheses you make will generate interest charges. 

This is how they get you. So if you're going to make a large promo purchase either resolve to retire the card until that is paid off or know you're going to pay interst on new purchases. 


Thanks! If this is true...you answered my question...

Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
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