newegg preferred accounts?

[twolves90]

I'm going to make a few purchases soon, and I took notice to Newegg's preferred accounts option.

http://promotions.newegg.com/NEPA/PA06/index.html

Is this that good? Or rather... I'm just worried about handing out some pretty personal information to Newegg, mainly because I've never really dealt much with them, so.. are they credible?

Thx

 

[Iluvpenguins]

yes they are.

 

[computerhakk]

They are a good site. However, that card has such a high APR. Unless you plan to pay that full 500+ to get that offer within the time frame.. it'll kill you with the APR which is over 20%.

 

[twolves90]

Well, if I pay off the full balance within the 6 months, would there be much interest?

 

[computerhakk]

That means that you just dont have to pay for 6 months. After that, I believe it works just like a credit card. So for example if your balance was 982 total and you choose the 6 months no payment. This means that you can just save up 982 dollars in that time frame and pay it in whole after the 6 months. If not, and let's say you just pay like 300, that 20% is going to kill you in payments. You'll end up paying 1000+ if you prolong it longer.

If you pay it in full after the 6 months, you aren't charged and you are good.