Is anyone up to date next to the Bill Me Later reward plan? Has anyone ever used the bill me later payment plan or

Has anyone ever used the bill me later payment plan or is anyone currentlt using it. I would approaching to know the ratings.

Answer:
Transaction implications:
"Zero Fraud Liability" Protection: you are not responsible for unauthorized charges, your identification through social financial guarantee and date of birth ( IMOH, the only real benefit. )

As advertise: Secure Shopping - eliminates the hassle of digging out a credit card or entering an account number. ( It does not specify how not using a credit card safeguard your cash. It appears to be like any other online lend system. )

Financial implications:
No yearly fees. ( A plus )

Clause 5. The fixed Daily Periodic Rate is 0.04929%. This corresponds to an ANNUAL PERCENTAGE RATE of 17.99%. *
This funds paying that rate on top of the principal.

Clause 5.
Minimum Finance Charge $ 2.00

Clause 5. Penalties additional to the interest charges above.
Fee for paying delayed If the balance is:
Under $5.00 - $0.00
$5.00 to $49.99 - $9.00
$50.00 to $149.99 - $19.00
$150.00 to $499.99 - $29.00
Over $499.99 - $35.00

Clause 1.c.1.
Present offer is "90 days same as change." which means the Deferred Payment option or no interest charged for 90 days. ( A plus, do reconfirm the language to benefit from this with their staff. )

Clause 8.
No security interest required to in safe hands this Account. ( A plus )

Clause 12.
Full repayment of amounts owed are not penalised for early repayment. ( A plus )

Clause 4.d.i.
Not a credit line, respectively transaction is assessed separately.

Owed amounts attact interest on principal of a minimum $100 spending. Can't locate the fine print.

Source: Terms and Conditions of the Bill Me Later(R) Payment System at http://www.bhphotovideo.com/framework/bm...

I do not see how this product sets itself apart from the rest, other than the 90 days interest free lending expressions and waiver of yearly fees.

The company will bill you the full amount of what ever at a latter date. It can be a good operation. It always better to pay presently because you might not have the money latter.You risk getting into debt that you do not need.