Saks major purchase

[Coco.lover]

Why do some customer's have to screw it up for the honest paying customers!? I called and asked if this was a Saks or Capital one who made the decision and was told it was Saks, I cancelled my NM for this very reason. Hopefully they change it back soon.

That's similar to NM's no interest plan, total balance is divided equally by monthly payments. I guess Saks had customer payment issues.

 

[Phillyfan]

I just heard about this too. So bummed. Saks will definitely lose sales. I made so many purchases in 12 month MPA with very little minimum payments some months. But I always paid in full by my yearly deadline. I will not be using my Saks MPA anymore. Do you really think they'd change it back?

 

[Coco.lover]

When that canadian company bought saks a couple of years ago they stopped offering 12 month mpa so often and now they have it all the time again so hopefully it will eventually come back

I just heard about this too. So bummed. Saks will definitely lose sales. I made so many purchases in 12 month MPA with very little minimum payments some months. But I always paid in full by my yearly deadline. I will not be using my Saks MPA anymore. Do you really think they'd change it back?

 

[calflu]

So upset with the Saks mpa. I had it for years and always loved the low minimum payments (1% of the total balance) always payed it off within the 12 months but it was nice to have the flexibility of the low payments when I was a little tight. Purchased a Chanel Jacket for $6000 two weeks ago and received my statement and the minimum was so high $500, i called and they informed me that on Feb 1 they changed to equal monthly payments and no longer will they do the 1% minimum. This sucks, returning the jacket and my dh is buying it in Paris for me next week. I am really upset

Wow!! didn't Saks just run a 12 month MPA promo!??

 

[Coco.lover]

12 month MPA is still happening what changed is the minimum payment system now it's equal payments and before was only 1% of the balance.

Wow!! didn't Saks just run a 12 month MPA promo!??

 

[calflu]

12 month MPA is still happening what changed is the minimum payment system now it's equal payments and before was only 1% of the balance.

Thanks!!!! A heads up from Saks would have been great

 

[Coco.lover]

When I called to find out what was going on, the credit representative said my SA should have informed me before the purchase. I guess he was too busy thinking about the commission.

Thanks!!!! A heads up from Saks would have been great

 

[OnlyLV4ME]

What ever happened to full disclosure ?
Shouldn't we have received written notice about an upcoming change?

 

[Coco.lover]

They should have but I guess they don't care.I still super upset but I'm glad i got my cartier love and JUC last year. Just payed them off

What ever happened to full disclosure ?
Shouldn't we have received written notice about an upcoming change?

 

[Chanelgirl31]

Any insight into Saks next 12 month MPA?

 

[MrsL]

any insight into saks next 12 month mpa?

6/2

 

[Chanelgirl31]

Thanks!

 

[luckylove]

12 month MPA is still happening what changed is the minimum payment system now it's equal payments and before was only 1% of the balance.

Do you know if the new payment structure affects purchases prior to the change in February? Or are your previous purchases still subject to the original fee structure?

 

[Coco.lover]

Prior purchases are fine. Anything after Feb 1 is with the crappy new payment structure.

Do you know if the new payment structure affects purchases prior to the change in February? Or are your previous purchases still subject to the original fee structure?

 

[luckylove]

Prior purchases are fine. Anything after Feb 1 is with the crappy new payment structure.

Wow! Thanks for letting me know, I had no idea they had switched over to this. If I recall correctly, at one time in the past year or so, they were running both programs and clients had a choice which style MPA structure to use.