HOUSEHOLD BANK - HSBC - Best Buy told me my purchase was payment free (promo /24 mos.) NOT! a minimum payment was charged! Norridge Illinois

Too often people confuse the 'no payment no itnerest'


IN many cases, you need to pay the amt that will keep it 'no interest'..
such as if you have 24 months no interst....you take the months and divide that into the purchase and pay that amt consisttanlty, period.

Anything else than this, is your own fault and your own lack of chking and watching your bills.

Its a shame...the nointerst/24mhts or similar can very well be the most expensive purchas one makes if they dont pay it before the promo expires.

Its surprises me so much that people ignore that and dont automate the bill so that it will be paid before expire.

Best Buy's financing offers are 3, 6, 12, 18, and 24 months at no interest. No interest and no payments are two totally different things. I have been working for Best Buy for 5 years, and in all that time, I can't think of a single time that Best Buy has ever done "no payment" financing. I think you misunderstood, or perhaps the employee misworded it, but there is no "no payment" financing offered through Best Buy.

Best Buy's financing statement, which was written on the application that YOU filled out, as well as posted on the walls at every Best Buy location, and also on bestbuy.com: "No interest for 12 months. Offer applies on qualifying purchases only. As of 12/07/2005, required minimum monthly payment is greater of $10 or 1% balance plus billed Finance Charges plus any late fees (if applicable). Interest will be charged to your account from the date of purchase if plan balance is not paid in full within 12 months or if minimum monthly payments are not made."

This complaint is just a lack of reading; don't worry it happens to the best of us.

Thanks to good ol' G.W Bush (sarcasm) several years ago minimum payments have been raised and now are practically required. Only 3-4$/mo? Be thankful. Oh and don't you worry, that lame duck will be gone in TWO days.

You are not required to pay any more than the minimum payment. Have you ever had a credit card before? j/w I am from the Chicagoland area and this is common almost required for all credit or charge cards. Over 24 months $3/mo thats about $75. What are you complaining about? They basically want your commitment to paying for what you charged and not forget about it. If you can find something I can buy, put on a charge card and not pay ANYTHING, not a penny for 24 months, you let me know.

If you couldn't afford $3.27 then I would've suggested you not make your purchase.

When you sign any credit card offer, you really need to read the fine print. See if you dont then you do somthing like this, look like you are a total dork. Sorry, but you need to read the fine print. Plus, a min. payment of $3.75 is alot to complain about. I wish all of my credit cards had a min. payment of $3.