History with Tiffany Financing anyone?

[lonerower]

Does anyone have any history with Tiffany & Co. Financing?  Purchase amount, credit line given, income, credit score, and that sort of info.

[Mads8]

I am looking for the same information. If anyone knows please respond!

[coldnmn]

I searched the board not much there. Link below.

http://ficoforums.myfico.com/t5/forums/searchpage/tab/message?filter=labels%2Clocation&location=foru...

[lonerower]

Made a $7500 purchase using the Tifffany finacing option.  It was a very easy process.  I filled out the standard credit form that asks for the basic of income, residency, and other usual information.  The sales person calls in the information and within about 5 minutes I was done.  Terms were 14 months at 0%.  It was 14 months because of a delay in when the first payment is due.  Actual term was 12 months as the paperwork reads.  I was told shows as an installment loan which is good in my opinion.  The rest of the terms was 50% down.  I used a 0% credit card for this payment.

The approval is pretty easy as long as you don't have a bad history and income to support the purchase.  My score was 650 EQ.  Believe it or not larger purchases of $10,000 or more usually have a 20% down instead of 50%.  The girl at Tiffany's tried to explain why to me but I did not understand.  I was going to do 50% even if the terms required less.

For those that say this is a bad idea I have this:  I have the cash in the bank.  This is a purchase that can be paid over 1 year with no interest and no fees of any kind.  As long as you are making resposible purchases it is a no brainer to use someone elses money.  The problem begins when you use credit and your cash and have nothing in reserve.  

[pizza1]

I applied yrs ago online for the Tiffany's credit card, instant $2 k approval. They are pretty stringent , and at the time my Fico scores were high 700"s, long before the BK I had applied a few times before and always denied due to my high balance on several revolving accounts, but once I paid off those cards and my util dropped, I was approved. They started me at $2k eventually hit to $6k over the course of 5 yrs.