0% instalment plans by Specialist shops?


weeloong

New Member
Jan 4, 2011
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#1
Hi,
Juz wondering if shops (Cathay, etc) selling specilized equipment offer 0% instalment credit card plans for purchases. Will understand of they have a 3 to 5% surcharge.

Thanks
 

Cowseye

Senior Member
Mar 7, 2010
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#2
weeloong said:
Hi,
Juz wondering if shops (Cathay, etc) selling specilized equipment offer 0% instalment credit card plans for purchases. Will understand of they have a 3 to 5% surcharge.

Thanks
They do have 0% installment plans. Each store has a slight different sets of acceptable credit cards, with DBS the most common. Cathay, is the only store that do not charge you extra for CC installments (however, their items had already been marked up most of the time). Minimum is $500 transaction and above. I heard OCBC has the longest installment plan of 36 months.
 

weeloong

New Member
Jan 4, 2011
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#3
Thax.

Would you know of a Shop which does trade-ins and still give u the instalment plan after that ?

Perhaps recommend a shop?

Thax

:)
 

spree86

Senior Member
Feb 3, 2009
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Bishan
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#4
Thax.

Would you know of a Shop which does trade-ins and still give u the instalment plan after that ?

Perhaps recommend a shop?

Thax

:)
Shops don't accept trade-ins, what you can do is sell your gear here or to 2nd hand shops then go purchase your new set.
 

Cowseye

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Mar 7, 2010
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#5
U can pay cash, nets or credit card a portion of the cost of product then CC installment the rest. As long as the remaining is still $500 or more.
 

avsquare

Senior Member
Jan 26, 2012
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#6
They do have 0% installment plans. Each store has a slight different sets of acceptable credit cards, with DBS the most common. Cathay, is the only store that do not charge you extra for CC installments (however, their items had already been marked up most of the time). Minimum is $500 transaction and above. I heard OCBC has the longest installment plan of 36 months.
On the OCBC part, I don't think so. The general 0% installment plans for all kinds of credit card is 6 or 12 mths, unless there's some special arrangement or you buy a product at a co-branded shop, like using OCBC Best Denki @ Best Denki.
 

Cowseye

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Mar 7, 2010
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#7
On the OCBC part, I don't think so. The general 0% installment plans for all kinds of credit card is 6 or 12 mths, unless there's some special arrangement or you buy a product at a co-branded shop, like using OCBC Best Denki @ Best Denki.
I can confirm on the OCBC 36 months installment as this is offered by SLRR, though still need to paid an initial extra bit (2 or 4%) for admin fee. Was considering this option to pay off a D4 when I was previously considering getting that. Luckily D800 comes along :p
 

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avsquare

Senior Member
Jan 26, 2012
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#8
I can confirm on the OCBC 36 months installment as this is offered by SLRR, though still need to paid an initial extra bit (2 or 4%) for admin fee. Was considering this option to pay off a D4 when I was previously considering getting that. Luckily D800 comes along :p
ah.. looks like OCBC cards are more flexible? but the extra fee is a little disgusting. what admin fee is there? technically nothing administrative! :bsmilie:
 

soeypixels

Senior Member
Jun 24, 2007
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#10
mega store - u pay likely the RRP hence there is zero free installments on most major CC

other shops - u paid street price, hence they add a 2-3% processing fee for that installments plan

of cos there alot of arrangement btw the shops and the banks
 

Jul 15, 2011
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0
#11
weeloong said:
Hi,
Juz wondering if shops (Cathay, etc) selling specilized equipment offer 0% instalment credit card plans for purchases. Will understand of they have a 3 to 5% surcharge.

Thanks
I get all sorts of letter to process large purchase via bank repayment in installments.. Maybe u like to check with your bank about such schemes.. Then the merchant will still charge u extra if u pay via cards..
 

May 6, 2011
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toa payoh
#12
i ask before at cathay if pay by cash cheaper by 2% ++ if pay by cc same price their installment plan 6 month to 1 year no surcharge
 

SmOcKxY

New Member
Aug 16, 2010
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#13
Any payment by CC will increase price by 2% at least..most shops are 3% above cash/NETS price..if the shop doesn't offer IPP..some banks like DBS and Citi allow you to charge to card as per normal..then apply to pay for that particular purchase in installments with no extra charge..
 

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