Re: Paypal Bill Me Later
10-09-2012 02:19 PM
I got this offer as well. I can possibly see it being a good thing when I get around to trekking over to the suburb that has a bank with one of those ultra-high-yield interest checking accounts. Then I'd be effectively getting ~3% APR on the purchase price for 6 months by deferring payment.
Assuming one can still bill the ultimate final payment to a rewards credit card, that represents a nice bonus added to the rewards you'd get for paying right away.
The catch here is needing to have the discipline to pay them on time when the time comes, and to let the money gather that interest in your checking account meanwhile.
Not an ideal scheme for the absent-minded or the shop-a-holic.
My Wallet: Amex Zync NPSL (hidden limit > 10k), Barclaycard Apple V $2000, Walmart (Store) $900, BoA Cash Rewards V $500,
Dream Wallet: Amex BCP, Citi Dividend Platinum V , Chase Freedom MC, Chase Sapphire Preferred V, BoA Privileges Cash Rewards VS, UPromise MC, US Bank Cash+ VS, Amex ZYNC, Amex SPG, Amex Platinum, Andrews FCU Global V