[beck11488]

do any of you guys out there use apple credit, if so what are the pros/cons of it, run into any problems? also can you pay it off and then be done with it or do you have a credit card they give u? thanks

[RodriCO2000]

Apple credit is basically a line of credit from MBNA. Their APR is outrageous... Unless you can pay on cash total in like 90 days or something.... Just use a credit card.

[beck11488]

well i am looking to gwt my first credit card/loan....is the credit account closed after its paid off or is it a credit card u keep

[CrazedVW]

Its a regular credit card. Mine was issued from Juniper Bank not MBNA like the other poster said. The APR is ridiculously high. Mine was 19.99% and that was with perfect credit. A friend of mine had close to 30% on his. The only nice thing was that I had a $3,000 credit limit on it. I ended up closing mine once I paid it off because the company wouldn't lower the APR.
If its your first credit card though and you don't have much credit history your APR is going to be high regardless though.

[Zeeb]

A few years ago I applied for Apple credit to get an Ipod. They ended up sending me a credit card. I changed my mind and cancelled the order and thought I had cancelled the card, but it got sent anyway with a zero balance. Turns out, it is actually a good credit card with a decent rate, and I use it sometimes-though ironically not for Apple products. I ended up getting that Ipod with money I'd saved a little later. The type of credit they extend to you probably has to do with your credit rating I imagine.

[mduell]

Buying a computer on credit is insane.

[inkhead]

Yeah Apple credit is a real joke. The rates are crazy. Don't do it. Don't do it! I know your thinking..... I don't have money for a mac.. but my credit is approved! DON'T DO IT.

Seriously you will be paying off that mac in like 10 years when it's a paperweight.

[CincyGamer]

I used Apple Credit to purchase my 1 GHZ TiBook.. yes.. i was still paying almost 3 years later. The rate was totally bogus.. 26.99% a true loan sharking operation. I paid $200 a month was the only way I could get it paid off. It was a second car payment.


My credit is much better than that rate. I was always on time and paid much more than the minumum. The minimum was like $95 a month. MBNA would not lower my rate to acceptable rate. So, I finally switched it over.. So, I got the new MacBook pro on credit too , but am better about it.. it is a much better long term buy than the 1 GHZ tibook.. I bought the 2.16 GHZ with 7200 RPM, so just more memory later and applecare and i'll be all set for awhile.

[onlykaria]

from reading this it looks like you might be better off with a regular credit card. citibank has a few nice ones. anything higher than 16% is utter highway robbery and i say dont bother. plus if you can avoid it you should never buy anything that goes down in value on credit.

[tooki]

Moved to lounge: this was not a MacBook/PowerBook-specific topic.

tooki

[davesimondotcom]

If you can avoid it, avoid it. THat's my advice.

[RAILhead]

Uhh....save up and pay cash?

[wdlove]

I used Apple Credit once. Supposed to be interest free, but the way they figured the interest I still ended up paying interest.

[drift1492]

How about a little laugh.

http://www.devilducky.com/media/41738/

(SNL skit - Its ok for work)

Sorry. I couldnt help it.