(Argos) Store Cards

glasgowm148

Hi,

I'm about to buy a £1000 TV, I have about that saved but would like to buy it on credit so I can spread out the payments (I'll still keep the cash in a bank account the money for the card will come out of in case of emergencies)

I'm thinking of buying it with the Argos 12 month 0% store card. I've read the store card guide and searched your site for any reports on the Argos card itself.

I'm just double-checking here I'm not getting screwed here, if I set my payments to be £84 a month and pay of the amount in full before the 12 month period I won't be charged any extra - correct? Is this the smartest way to go about this?

Your APR Representative 29.9% APR (variable) for all Buy Now Pay Later plans. Your Interest Free Period Buy Now Pay Later plans (up to 12 months) offer specified periods to opt out of interest. Deferred interest will be payable if you do not pay the balance by the due date. Your Minimum Payment No repayments are necessary during the Buy Now Pay Later plan period. After that you pay 4% of the balance each month, or £2 whichever is the greater. Annual Fee £0. There is no annual fee for the card. Other Fees £0 if you pay on time. Fees are charged at a rate of £12.00 and they include Late Payment fee, Returned cheque fee, Returned Direct Debit fee, Over Credit Limit fee, Collections letter fee and a Tracing fee. A Representative Example Spend £199 on a 6 month Buy Now Pay Later plan and pay nothing for 6 months (although you can if you wish) then settle the balance by the due date. Total payable is £199.Or choose to spread the cost for longer, and start paying the monthly minimum of 4% of the balance or £2, whichever is the greater. Your balance includes deferred interest from the purchase date. Credit is provided by Argos Card Services, Thynne Street, Bolton, BL11 1AS

[Deleted User]

No - it seems the smartest thing would be to keep the full amount in the bank and pay off in full before the end, as it says no minimum repayments are required during the 12 months.

liam8282

If you have the cash and you definitely want to buy a tv with it, you would probably be better shopping around and getting a better deal somewhere else.

Just pay for the tv with the cash you have and then you don't need to worry about repayments or interest.

kudos_ni

If I were you I would just use the cash to make the purpose rather than getting credit that you don't need.

You have saved the money with the aim of making the purchase...so do it.

Have a look online though...lot's of discounts to be had by shopping around.


I don't know why you would put this on a credit card if you have the cash available.

glasgowm148

kudos_ni wrote: »

If I were you I would just use the cash to make the purpose rather than getting credit that you don't need.

You have saved the money with the aim of making the purchase...so do it.

Have a look online though...lot's of discounts to be had by shopping around.


I don't know why you would put this on a credit card if you have the cash available.

Looking to build up a credit rating so I can get a decent mortgage in a few years and I also want to buy a few other things I don't have the money for (bedroom furniture, etc totaling around £400)

chanz4

try richersounds, way cheaper than argos

Unintentional

I have an argos card and as long as you pay off the balance before your buy now pay later plan ends. There is 0 interest. So say if you bought that television on 12 months, as long as you pay it off before June 2012, no interest.

They're really stingy with their credit limits though. Mine is £150, I have a Barclaycard which limit is above £2000 and they won't increase it, Will be closing it after I've paid off what's on there now.

glasgowm148

chanz4 wrote: »

try richersounds, way cheaper than argos

I found a cheaper one there

bit. ly/f2fgMW (remove spaces)

Can someone recommend a good 0% card to buy this with? And are there anyways to get cashback through this?

Thanks

chanz4

cheap and genuine richer sounds

burnsy89

pay for it on a cashback credit card and then pay the balance off in full since you have the money in the bank. not only is your item protected by the credit card company, you're making money back on it!!

boo1

chanz4 wrote: »

try richersounds, way cheaper than argos

I was going to say that too, they have really good deals, we get all our stuff from them.