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Classic Chic · Oct 28th, 2009, 08:57 PM

my SA said Chanel purchase do qualify for MPA

If your SA says no, feel free to contact my SA Brandi, her info is posted on the first page

baiyishang · Oct 28th, 2009, 09:37 PM

Originally Posted by nycgirl330

also there is probably a minimum payment each month..

Think so. Because with the NM 6 month no interest plan, the minimum payment each month is your total amount divided by 6.

MarvelGirl · Oct 28th, 2009, 09:52 PM

^Not true, baiyishang. With NM, the plan is 6 months no payment AND no interest. So, there is no payment due nor any interest accruing for the entire 6 months!

happychica87 · Oct 28th, 2009, 10:44 PM

Classic Chic- So is it 6 month or 12 month interest free?

ryrybaby12 · Oct 28th, 2009, 11:43 PM

Originally Posted by MarvelGirl

^Not true, baiyishang. With NM, the plan is 6 months no payment AND no interest. So, there is no payment due nor any interest accruing for the entire 6 months!

You are right...

Bri 333 · Oct 29th, 2009, 02:11 AM

I got an email from my Saks SA that they are having a promotion for 12 months no payments no interest if it is a purchase of at least $2000 in a single day. Here is a copy of his email:

Hi. Saks is having Triple Points next week November 5,6,& 7th.(thursday,friday,& sat.)

Saks is also having a Major Purchase Account promotion(MPA) November 5th - December 10th.
No interest and no payments for 12 months when you spend $2000 or more on a Major Purchase Account in a single day between 11/05/09 - 12/10/09. All departments are included. You must have a Saks account to open an MPA.

Let me know if you need his info. Happy shopping ladies!!!

Bay · Oct 29th, 2009, 04:00 AM

So there is no monthly fee that you have to pay off? You can save up the money and pay at the end of the year?

But can you pay off a little month by month if you want to?

I am new to this and to the whole CC world..sorry!

Classic Chic · Oct 29th, 2009, 04:37 AM

Originally Posted by happychica87

Classic Chic- So is it 6 month or 12 month interest free?

12 month

Originally Posted by Bay

So there is no monthly fee that you have to pay off? You can save up the money and pay at the end of the year?

But can you pay off a little month by month if you want to?

I am new to this and to the whole CC world..sorry!

No requirement on minimum payment each month, pay it off at the very last day or knock off some balance whenever you want. As long as it's paid off w/n 12 month, you are good to go

nycgirl330 · Oct 29th, 2009, 09:46 AM

I have a potentially dumb question.. what is a major purchase account? Is that the upgraded Saks credit card with visa or mastercard? I have one of those.. I just want to be sure. Thanks

tresjoliex · Oct 29th, 2009, 11:37 AM

Isn't the NM promo better than this?

gators · Oct 29th, 2009, 01:13 PM

Quote:

I have a potentially dumb question.. what is a major purchase account? Is that the upgraded Saks credit card with visa or mastercard? I have one of those.. I just want to be sure. Thanks

My guess is that it's like an additional line of credit which is tied to your Saks account. I also have the Saks card which is also a mastercard. The catch is that you have to apply for the MPA account even if you already have the Saks card. They tried to get me to open one when I bought my J12, but I didn't want to go through the whole application process since I had just opened a Saks account. I don't know. I guess if you already have a MPA account, it would be worth it, but otherwise, you'd have to apply for the additional credit.

roussel · Oct 29th, 2009, 01:26 PM

Originally Posted by tresjoliex

Isn't the NM promo better than this?

ooh want to know what the NM promo is too... this Saks promo is so tempting! i want a chanel bag...

burberryprncess · Oct 29th, 2009, 01:35 PM

Omg! 12 month ----Welcome to Debt America!

That's how the problem all started.

astar · Oct 29th, 2009, 03:24 PM

^ Ditto !!

In my opinion, i think when you open Saks card - one credit check
MPA - another credit check
Hurt the credit score? Probably
Is it worth it to go through these just for a bag? NO
If there's extra money to spend to afford one then go ahead.
Otherwise debt for a bag is a no...
No doubt though, for those who don't have cash on hand, this offer is very tempting haha...

LabRatPhD · Oct 29th, 2009, 03:40 PM

^ Thritto. I didn't know you had to open a separate account for this! I wonder why Saks does this? It seems like for Neiman Marcus, the promotion is applied to your NM charge (but I am not sure).

Oct 28th, 2009, 08:57 PM	#31
Classic Chic OP Member Joined: Oct 2006 Location: ~ 只要統一布丁~ Posts: 9,366	my SA said Chanel purchase do qualify for MPA If your SA says no, feel free to contact my SA Brandi, her info is posted on the first page
	__________________ On vacation til 11/28, will reply pm as soon as i get internet connection. Happy holiday! He stole my again~

Oct 28th, 2009, 09:52 PM	#33
MarvelGirl Sadie, Married Lady Joined: Jan 2008 Posts: 866	^Not true, baiyishang. With NM, the plan is 6 months no payment AND no interest. So, there is no payment due nor any interest accruing for the entire 6 months!
	__________________ My 2009 Chanels: Beige Clair Jumbo w/GH, Black/Grey Flap Portobello, Black Caviar Maxi w/GH, Metallic Grey Lambskin Jumbo, Black Bubble Quilt Bowler w/GH,Taupe Tweed Tote My 2009 Bottega Venetas: Platino Ossidato CABAT! Ebano Capri, Matita Belly Bag, Nero Maxi Veneta Giving GOD All The Glory! I've lost my mind in 2009 - someone stop me! LOL!

Oct 28th, 2009, 10:44 PM	#34
happychica87 Bal Gal Joined: Apr 2008 Location: Buckeye Land Posts: 760	Classic Chic- So is it 6 month or 12 month interest free?
	__________________ Chanel wish list: Lg Black Caviar Classic Flap w/ SH + 2.55 Dark Silver 227

Oct 29th, 2009, 02:11 AM	#36
Bri 333 Member Joined: Mar 2008 Location: San Diego, Bay Area, Houston, San Antonio, Durham Posts: 2,996	I got an email from my Saks SA that they are having a promotion for 12 months no payments no interest if it is a purchase of at least $2000 in a single day. Here is a copy of his email: Hi. Saks is having Triple Points next week November 5,6,& 7th.(thursday,friday,& sat.) Saks is also having a Major Purchase Account promotion(MPA) November 5th - December 10th. No interest and no payments for 12 months when you spend $2000 or more on a Major Purchase Account in a single day between 11/05/09 - 12/10/09. All departments are included. You must have a Saks account to open an MPA. Let me know if you need his info. Happy shopping ladies!!!
	__________________

Oct 29th, 2009, 04:00 AM	#37
Bay Purses are teh shiet Joined: Feb 2007 Location: With my love =) Posts: 5,142	So there is no monthly fee that you have to pay off? You can save up the money and pay at the end of the year? But can you pay off a little month by month if you want to? I am new to this and to the whole CC world..sorry!
	__________________ *Trying to keep my eyes on the prize* ~Pretty content with what I have, some days~ On a Bag Ban!?! Love Pyramid Studs

Oct 29th, 2009, 09:46 AM	#39
nycgirl330 Member Joined: Oct 2009 Location: Brooklyn, NY Posts: 127	I have a potentially dumb question.. what is a major purchase account? Is that the upgraded Saks credit card with visa or mastercard? I have one of those.. I just want to be sure. Thanks

Oct 29th, 2009, 11:37 AM	#40
tresjoliex i have an addiction Joined: May 2008 Posts: 4,454	Isn't the NM promo better than this?

Oct 29th, 2009, 01:35 PM	#43
burberryprncess Sophie Joined: Feb 2007 Location: Southern California Posts: 16,889	Omg! 12 month ----Welcome to Debt America! That's how the problem all started.
	__________________ ............. Happy Thanksgiving!

Oct 29th, 2009, 03:24 PM	#44
astar Member Joined: Apr 2007 Posts: 729	^ Ditto !! In my opinion, i think when you open Saks card - one credit check MPA - another credit check Hurt the credit score? Probably Is it worth it to go through these just for a bag? NO If there's extra money to spend to afford one then go ahead. Otherwise debt for a bag is a no... No doubt though, for those who don't have cash on hand, this offer is very tempting haha...
astar Member Joined: Apr 2007 Posts: 729	__________________

Oct 29th, 2009, 03:40 PM	#45
LabRatPhD Member Joined: Feb 2006 Location: Austin, TX Posts: 115	^ Thritto. I didn't know you had to open a separate account for this! I wonder why Saks does this? It seems like for Neiman Marcus, the promotion is applied to your NM charge (but I am not sure).

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