Author Topic: B&H Payboo Card  (Read 11603 times)

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B&H Payboo Card
« on: May 06, 2019, 06:32:02 PM »
Quote
Nobody likes to pay sales tax, but everyone must pay sales tax! B&H, and only B&H, has the solution to the sales tax issue.

Tomorrow, May 7th, B&H will be making a game-changing announcement, and as a loyal customer, I’d like you to be privy to some inside information in advance that will change your shopping experience forever.

Nearly one year ago, the Supreme Court ruled that out-of-state retailers must collect sales tax on internet sales. This, of course, included B&H. For 46 years we have been committed to providing unparalleled customer service, and so we began the tedious process of implementing a way to eliminate the impact this ruling would have on our customers.

We are now ready to launch “Payboo”, the solution to the sales-tax challenge. Tune in tomorrow for details on how to become a part of “Payboo”!

I know you have many shopping choices for creative gear and consumer electronics, but with “Payboo”, there will only be one best choice: B&H!

I look forward to a continued great business relationship and remember, at B&H, the customer always comes first. That’s why we’ve created “Payboo” to solve the sales tax impact for you.

Sincerely,

Menashe Horowitz
CEO

@Something Fishy

Can we get some טועמיה?
« Last Edit: May 06, 2019, 11:04:43 PM by Dan »
My Tapatalk notifications don't always work.

Offline Something Fishy

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@Something Fishy

Can we get some טועמיה?

I know nothing more than you do these days.
Check out my site for epic kosher adventures: Kosher Horizons

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Re: B&H Payboo card
« Reply #2 on: May 06, 2019, 07:22:26 PM »
Why does this sound like an April Fool's joke? I guess with a name like PayBoo....

On a serious note, I'm curious what their plans are...

Offline mrprez27

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Re: B&H Payboo card
« Reply #3 on: May 06, 2019, 07:46:50 PM »
Just saw an ad for 'sales tax sale' where some company discounts price based on sales tax.

Maybe this is along the same concept?

Maybe a type of membership that if you spend a certain amount you get rebates for sales tax?

Offline whYME

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Re: B&H Payboo card
« Reply #4 on: May 06, 2019, 08:04:03 PM »
I think if you pay cash you don't need to pay tax.

Offline Something Fishy

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Offline tzifanya54

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https://www.bhphotovideo.com/credit-cards
Very interesting concept.... not sure how they can offer a 7~10% deduction on everything even sale/door buster items. Doesn’t seem feasible.....

Offline Dan

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So what's the loophole? How are they doing it?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Joe4007

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Considering that's the only rewards the card offers, I'm guessing they're counting on it being offset by income from the CC.

Offline ExGingi

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Considering that's the only rewards the card offers, I'm guessing they're counting on it being offset by income from the CC.
+1

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Purchase APR is 29.99%. Minimum interest charge is $2.
« Last Edit: May 06, 2019, 11:18:47 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Davidthebest

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Offline Joel

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #11 on: May 06, 2019, 10:25:11 PM »
https://www.bhphotovideo.com/credit-cards
https://www.google.com/amp/s/appleinsider.com/articles/19/05/06/bh-payboo-card-to-refund-sales-tax-on-all-orders/amp/
Worthless!
only good for ppl who spend alot (10k +) at B&H. Remember if u use B&H card u also lose out on the regular points that u would of earned on a Chsse or Amex card etc. 

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #12 on: May 06, 2019, 10:30:19 PM »
Worthless!
only good for ppl who spend alot (10k +) at B&H. Remember if u use B&H card u also lose out on the regular points that u would of earned on a Chsse or Amex card etc.
Regular CC is 1-2.25% cashback. This is 6-9% cashback. How is it worthless? It's an interesting idea. Not sure how it's worth it for them besides for marketing purposes.

Offline shapsam

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Offline Joel

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #14 on: May 06, 2019, 10:33:48 PM »
Regular CC is 1-2.25% cashback. This is 6-9% cashback. How is it worthless? It's an interesting idea. Not sure how it's worth it for them besides for marketing purposes.
If you're just regular spender at B&H it's not worth it. If u spend 5k -10k then it makes sense to sign up for this CC. IMO
Just another store credit card with a different twist, if you spend at that store enough it makes sense if not dont touch it.

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #15 on: May 06, 2019, 10:41:40 PM »
Much better than other store cards. Not saying it's relevant to most people. Just wouldn't run and shout that it's worthless.

Offline Mo2

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #16 on: May 06, 2019, 10:42:51 PM »
If you're just regular spender at B&H it's not worth it. If u spend 5k -10k then it makes sense to sign up for this CC. IMO
Just another store credit card with a different twist, if you spend at that store enough it makes sense if not dont touch it.
+1 "Just another store credit card"
great value only for B&H volume shoppers. otherwise not worth the credit pull
Common sense is not a gift, it is a punishment.
Because you have to deal with everyone who doesn't have it.

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #17 on: May 06, 2019, 11:24:56 PM »
Worthless!
only good for ppl who spend alot (10k +) at B&H. Remember if u use B&H card u also lose out on the regular points that u would of earned on a Chsse or Amex card etc.

I disagree. I rarely shop B&H due to taxes and the fact that I can shop at Amazon at 5 UR and often other benefits and GC.

Having a card that negates the 8.875% sales tax could tip the scale in favor of B&H more often. One credit pull for a store card isn't really going to hurt. What do I lose by having it? 8.875% Cash Back is definitely worth more than I can get spending on any other card at B&H (barring SUBs).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: B&H Payboo Card to refund sales tax on all orders
« Reply #18 on: May 06, 2019, 11:27:43 PM »
Worthless!
only good for ppl who spend alot (10k +) at B&H. Remember if u use B&H card u also lose out on the regular points that u would of earned on a Chsse or Amex card etc.
You also lose Amex protection

Offline Dan

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Re: B&H Payboo Card
« Reply #19 on: May 06, 2019, 11:28:29 PM »
I disagree. I rarely shop B&H due to taxes and the fact that I can shop at Amazon at 5 UR and often other benefits and GC.

Having a card that negates the 8.875% sales tax could tip the scale in favor of B&H more often. One credit pull for a store card isn't really going to hurt. What do I lose by having it? 8.875% Cash Back is definitely worth more than I can get spending on any other card at B&H (barring SUBs).
Really just boils down to how much you'll spend on the card.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.