Rolex by installment?

[Darkangel]

Can we use CC to pay by installment? For Rolex watch purchase?

[triton]

eh. never done it before on rolex, other watch brands yes. call AD and check.....

[bEnd1ck]

Yes. . THG and Cortina Raffles City can.
Other ADs such as watch palace, Lee Chay, Kee Hin I think cannot.

But installment plan the discount is less wor.

[Darkangel]

Yes. . THG and Cortina Raffles City can.
Other ADs such as watch palace, Lee Chay, Kee Hin I think cannot.

But installment plan the discount is less wor.

Nah...just checking though.

[jazz_samz]

if i recall correctly, UOB at THG shld be possible...

[Darkangel]

if i recall correctly, UOB at THG shld be possible...

I thought all CCs can...

[nottinghill]

I thought all CCs can...

ya lorr...just charge to credit card...and then..monthly just pay the minimum payment ...... so it's a way...paying by installment.... on thing is that need to pay for interest.....and interest for CC sucks!!!

[Darkangel]

ya lorr...just charge to credit card...and then..monthly just pay the minimum payment ...... so it's a way...paying by installment.... on thing is that need to pay for interest.....and interest for CC sucks!!!

Yeah installment is less "painfu" in a way..but interest not fun liaos...

Hey..how's the interest like ah? I mean I dun own a CC so pardon me

[Oceanklassik]

Hi allow me to share.

In present context, most, if not all credit cards give interest-free installment plan for all watches, including ROLEX. It is not wrong to say that if you wish to use the credit card for an installment plan, the AD gives a lower discount. That means if you can pay lump sum in cash or even credit card (no installment plan), the AD gives 20%. And for the same purchase, if you want an interest-free installment plan on credit card, the AD may only give 15%, or may be lesser. So its all up to you.

But there are times that the AD gives you the bigger discount even if you go on installment. This will come with the relationship you have with the AD.

Hope this helps. Thank you.

[wmatt76]

some major banks did give some cash fund transfer with interest less than CC interest. just need to pay installments back to them every month. HSBC and DBS used to have this promotion. They always send to me together with my CC bills.

[daveevan]

some major banks did give some cash fund transfer with interest less than CC interest. just need to pay installments back to them every month. HSBC and DBS used to have this promotion. They always send to me together with my CC bills.

i think most banks offered no interest installments plan, but they will charged an one time admin fee something like 3% for 12mths and 5% for 24mths ( if i don't remember wrongly )

[gollum]

installment with cc basically kills off ur limit.

[triton]

installment with cc basically kills off ur limit.

ur kills off meaning lowering credit limit? that is why have couple of cards. but for this to work in your favour, u need to be able to handle your finances well

[bEnd1ck]

ur kills off meaning lowering credit limit?

Indirectly ...yes. Actually the credit limit for the cc remains the same. But the available amount you can sign for becomes Credit Limit minus the amount you've put in installment plan lor.

[triton]

Indirectly ...yes. Actually the credit limit for the cc remains the same. But the available amount you can sign for becomes Credit Limit minus the amount you've put in installment plan lor.

it can be interpreted in couple of ways

scenario one. the cc limit is low and has several instalment plans in place. so with a watch purchase, it can literally max out the cc limit

scenario two. lowers existing credit limit however, if cc limit is high and purchase of watch price is low, does not affect that much.

there are other possible scenarios. that is why i wanted to check with gollum the definition of 'kill off'. however u replied instead.