Saks major purchase account payment question

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nycgirl330

Member
Oct 5, 2009
190
1
Hi Ladies, I know a lot of us took advantage of the 1 year no interest promotion.. my question is, how do we make our payments? I looked at my online account (credit card) and it's not there.. I know the MPA is different. Will they just be sending us monthly statements? Thanks :smile:
 
Not sure about Saks, but I can tell you what NM does (it's probably similiar and pretty sneaky). I got an expensive purse on an NM 6 month no interest promo and wrote down on my calendar when the 6-month date was, so I could pay it off without incurring the accumulated interest (which they do hit you with, if you don't pay it off in the designated time frame). I sent $1000 to cover the purse in its entirety as my payment that month, thinking that was all I had to do. I checked on line the day before the 6 months was up and NONE of the grand had been applied to my purse balance!! So I called and was told by CS that you have to SPECIFY that you want the $$$ to payoff the promo item, otherwise they just apply to general balance and would have hit me with about $200 in delayed interest for not making the payoff by the 6-month deadline. She fixed it for me, but I felt like I had really dodged an expensive bullet just by dumb luck. They want you to screw up on these promos, because they make a fortune off you. I would go the extra mile with Saks and phone CS to determine how can you track the balance of your 12-month purchase and if you can designate a certain amount of your regular monthly payment to go towards it. Good luck and hope that helps!
 
Thanks for the info mkdallas! Yes, I definitely need to find out asap how to pay the account. It's a little different for Saks because the MPA account is totally separate from their store credit card.. ANYONE? :smile:
 
You need to set up separate online access for your MPA account (just like you've already done for your store card). Unfortunately with Saks you can't access all of your accounts (store card, MPA and Mastercard) under a single login, but at least there's no chance of having them apply a payment to your store card when you meant for it to be applied to your MPA. Alternatively, you can make payments in store. HTH!