Reply
Regular Contributor
Posts: 212
Registered: ‎06-20-2009
0

Re: Has BML replaced any CC as your Go To Big Ticket Item Card?

I thought BML was limited to small charges, but this post suggests I've been wrong about that.  What kind of CLs do they give?


Starting Score: EQ 804 - (April 2009)
Upgraded thanks to FICO Forums: EQ 813 / EX 842 / TU 823 - (FICO scores from mortgage lenders, June 2010)
Recent Scores: EQ 807 / TU 799 - (March 2012)
Goal: Survive Another Day
Take the FICO Fitness Challenge
Established Contributor
Posts: 961
Registered: ‎12-21-2010
0

Re: Has BML replaced any CC as your Go To Big Ticket Item Card?

 
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Established Contributor
Posts: 961
Registered: ‎12-21-2010
0

Re: Has BML replaced any CC as your Go To Big Ticket Item Card?

I would never use them kinda reminds me of the rent to roll tire places, you get to rent tires and rims for your car...lol
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Valued Contributor
Posts: 4,389
Registered: ‎06-05-2013
0

Re: Has BML replaced any CC as your Go To Big Ticket Item Card?

[ Edited ]

Tires are consumables so financing them is generally a bad idea.  BML can be used for durable goods.  Come to think of it. I think I actually used BML for tires -- though I paid them off before the promotional financing expired.  It can be a very handy tool and, like any tool, can be used for benefit or misused.

 


Duke-of-Earl wrote:

I thought BML was limited to small charges, but this post suggests I've been wrong about that.  What kind of CLs do they give?


Can't speak to what the upper limit is.  I got to $2,500 before I stopped using it.

Valued Member
Posts: 33
Registered: ‎12-27-2010
0

Re: Has BML replaced any CC as your Go To Big Ticket Item Card?

Although I haven't replaced BML as my go to big ticket cc, I certainly do enjoy the convenience of the 2500  trade line that doesn't report to the CRA and bring down my score if I happen to leave 2400 charged on it for a month or two.  And BML does offer a cashback program with several stores, so you have the ability to get those bennies as well!  For instance, I noticed the other day, Petco has a 7% cashback option if you pay with your Paypal account, so that beats a lot of the major credit cards. 

 

I like that you could choose to PIF or carry a balance at 0% interest AND get cashback.  BML has proven to be a pretty neat tool for some purchases for me, but I guess I'm old-fashioned and like holding on to my others for the security of a tangible credit card  :smileyhappy:

 



Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.