Barclays Apple

[Anonymous]

Hi all,

I’m having a dillemma.

I’m in need of a Macbook Pro (Workfield and preference).

I know Barclays does special financing, however what i want to know is, if i would do a special financing, am i allowed to pay it off sooner (which i can) or do i get penalized for paying more than monthly payments?

I have an Amex for which i should be able to do a 3xCLI soon, i could put the purchase on the card but that would still cause a 60% utilization for a few months. (Im having 14 months 0% APR)

So who can advise me on Barclays Apple Card and what option would be the best to pick?

I’m around 677 FICO all across (not sure what the requirements for a Barclay Apple card are)

Normally i’m a good decision maker, but i’m not scared for asking any advice and/or experience!

Thanks guys!

[mkhan1093]

You don't incur any penalties if you pay it off earlier. It's like any other 0% APR period on a card (that's all that it is at the end of the day, a credit card). And I think with your scores you'll definitely get it!

[Anonymous]

Alright! Yeah, it’s because they mention monthly payments are 80 dollars. And i remember i read about something that if you pay it off sooner you get a penalty. Not sure if that was Barclays.

And it should also depend what SL barclays give ? If they give a 2000 SL i would be reported as maxed out? I’m not familiar with those special financing things, hence the dillemma.

I have my 0% apr on Amex still. If i do it on that i could get 150 statement credit cause i used more than 1000 within 3 months. Perhaps worth utilizing more for a bit, not sure.

[mkhan1093]

Yeah you would have to do the math for yourself to see what the better option is. I actually got my first credit card ever (the Best Buy Citi Visa) when I was buying  a MBP and financed it over 18 months using the card. It didn't mention a fixed monthly payment but I was certainly close to 100% utilization after getting the laptop (but I turned out fine! )

[Viva-LV]

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@Anonymouswrote:
Alright! Yeah, it’s because they mention monthly payments are 80 dollars. And i remember i read about something that if you pay it off sooner you get a penalty. Not sure if that was Barclays.

And it should also depend what SL barclays give ? If they give a 2000 SL i would be reported as maxed out? I’m not familiar with those special financing things, hence the dillemma.

I have my 0% apr on Amex still. If i do it on that i could get 150 statement credit cause i used more than 1000 within 3 months. Perhaps worth utilizing more for a bit, not sure.

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Just a word of caution: many posts of Barclays appproving card and purchase, only to AA the customer down the road.  Make sure you pay it off pronto!  Best of luck!

[Schwartzinator]

Why not a Discover IT if you don’t already have one? 10% back on the Apple purchase with Disco deals and 0% for 12 months from a lender that doesn’t mind if you float a balance.

[Anonymous]

I have a Discover IT, with 0% as well. However under Disco Deals i got offered 5% cashback instead of 10%. Downside of it is that it doesn’t combine with a employee discount, which i could get. So that 10% extra got my eyes poppin lol but i’m not eligible to combine. My Disco tries to give me a 300 CLI i just saw but i think i’ll wait till my 3rd statement and try again. I think i might either go with my Amex or if Discover is generous in 2 weeks might go with them. Saves me from having a HP from barclays.

[MrDisco99]

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@Anonymouswrote:
I have a Discover IT, with 0% as well. However under Disco Deals i got offered 5% cashback instead of 10%. Downside of it is that it doesn’t combine with a employee discount, which i could get. So that 10% extra got my eyes poppin lol but i’m not eligible to combine. My Disco tries to give me a 300 CLI i just saw but i think i’ll wait till my 3rd statement and try again. I think i might either go with my Amex or if Discover is generous in 2 weeks might go with them. Saves me from having a HP from barclays.

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5% becomes 10% with cashback match in the first year.