Bill Me Later Approvals lately?

[Creditaddict]

Now that the bank switched have they changed at all? Like not very bk friendly and such?
They pull EQ?

[pizza1]

What is this bill me later thing ? Lol seriously I hear about this and pay pal and don't know about it

[Creditaddict]

It's a hidden trade line credit line/card to charge on when shopping online... It's available through so many retailers now and they offer 6 month 0% on most purchases over $99 or $149... It's like CareCredit in that way.
And the credit line kind of moves as you need and charge

[titanofold]

Yeah, but unless things have changed, they don't report to any of the credit bureaus. Yet, they do a hard pull on your credit reports.

You get dinged, and you get nothing out of it.

[lhcole77]

IMHO you do get something out of it. A hidden TL allows a person flexibility to spend when/if needed without affecting UTL. Also, theoretically it is always at 0% APR if one spreads purchasing out over time and pays within 6 mo period. Those sound like a win-win for me…

[peripheral]

My personal experience with Bill Me Later has been terrific.

I originally applied in May and recieved a $301 Credit Line.  After using it sporadically for $50-$100 purchases and paying in full for 6 months, I decided to try to take it to the next level with an Apple Store purchase.

To my great surprise I was approved for a $2850 Macbook Pro.  In addition  to getting 6 months of interest free financing, I also got 2% cash back.  Just awesome.

The bonus was, after the initial hard pull to open the account in May, there have been 0 inquiries since...including the $2850 purchase from the Apple Store.  Assuming BML's reporting doesn't change, in 2 years I'll have a trade line that can pull upwards of $3k (or more) purchases interest free for 6 months.  I have no problem with them not reporting my payment history.  This allows me to keep my credit card utilization very low.

My credit file is relatively thin.  I have 3 Credit Cards with a total of $1500 in available credit (3x $500 Credit Limits).  My 3 cards were just over 1 year old.

All in all, I'm very happy with Bill Me Later.  I'll definitely try to use it as much as possible for large single purchases.  They have a large selection of online outfits that offer 6 months interest free.

[DaveSignal]

---

@titanofold wrote:

Yeah, but unless things have changed, they don't report to any of the credit bureaus. Yet, they do a hard pull on your credit reports.

You get dinged, and you get nothing out of it.

---

I agree with others in that you do get a lot out of it.  They don't report to any of the credit bureaus, but this is the unique benefit of the account. It allows you to carry large balances at 0% interest and no payments for 6 to 12 months (if that was the offer) and nobody knows about it but you.  There is no utilization penalty.  IMO, This is the best reason to have a BML account.  I just made a $1200 purchase on BML that I plan on paying for in April, will cost me no more money than if I had paid cash, doesn't affect my FICO utilization, and none of my other lenders can see it.  Not many credit cards offer anything like this.

[Geordi]

So does Bill Me Later pull Equifax only, or does it depend on which state you reside?

[sdwalt]

I got approved a few weeks ago, they pulled eq. I was a little put off that they didn't report, but I got over that right away lol. It is nice to have a low profile way to buy stuff.

[Luscher]

EQ for me. Applied over a year ago