Van Cleef & Arpels: Current Worldwide Prices

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#1,006
Rami00 said:
@Coconuts40 Please do let us know if they charged you that 2.9%. I agree it's not much, but I hate sneaky charges. Thank you :flowers:
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Hi Rami, the suspense was killing me! I took a look at my old invoices and nope, no added charge. It was an equal payment over 30 months of my purchase only. Now this was about 3 years ago and therefore I don't know if they just added this 'repayment factor'.

Perhaps someone that has recently taken advantage of this interest free option can let us know if this is a new charge?
 
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#1,007
Coconuts40 said:
Hi Rami, the suspense was killing me! I took a look at my old invoices and nope, no added charge. It was an equal payment over 30 months of my purchase only. Now this was about 3 years ago and therefore I don't know if they just added this 'repayment factor'.

Perhaps someone that has recently taken advantage of this interest free option can let us know if this is a new charge?
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I have not used these interest free service yet, but from what I read here as well as Birks website indicates (https://www.maisonbirks.com/en/birks-credit-card), it seems to me that as long as you split the payment over 40 months, which each month the least payment has to be 100/40=2.5 percent of your total cost the item, you will not be charged any interest (a.k.a. no interest); i.e. your item costs $10000, you just need to pay at least $250 each month for 40 months; Of course you want to pay more than $250 it will be fine as well, and it will shorten the timeframe.

Likewise for Birks other 30/20/10 months no interest monthly payment, you just need to split your total cost over 30, 20 or 10 months, paying at least the amount of total cost/30 mths or 20 or 10 mths.
 
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#1,009
Lisa-SH said:
I have not used these interest free service yet, but from what I read here as well as Birks website indicates (https://www.maisonbirks.com/en/birks-credit-card), it seems to me that as long as you split the payment over 40 months, which each month the least payment has to be 100/40=2.5 percent of your total cost the item, you will not be charged any interest (a.k.a. no interest); i.e. your item costs $10000, you just need to pay at least $250 each month for 40 months; Of course you want to pay more than $250 it will be fine as well, and it will shorten the timeframe.

Likewise for Birks other 30/20/10 months no interest monthly payment, you just need to split your total cost over 30, 20 or 10 months, paying at least the amount of total cost/30 mths or 20 or 10 mths.
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That makes a lot of sense, thank you. This is a great Birks incentive especially not that a free-standing VCA boutique has finally arrived in Toronto. Not sure if VCA is opening in any other part of Canada, like Vancouver?

My SA tells me some of the wealthiest clients take advantage of this all the time. I'm wary of carrying personal debt but as long as you don't get carried away and know that you are making a purchase that you can pay off tomorrow if you need to, it is a really great option !!!
 
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#1,010
Lisa-SH said:
I have not used these interest free service yet, but from what I read here as well as Birks website indicates (https://www.maisonbirks.com/en/birks-credit-card), it seems to me that as long as you split the payment over 40 months, which each month the least payment has to be 100/40=2.5 percent of your total cost the item, you will not be charged any interest (a.k.a. no interest); i.e. your item costs $10000, you just need to pay at least $250 each month for 40 months; Of course you want to pay more than $250 it will be fine as well, and it will shorten the timeframe.

Likewise for Birks other 30/20/10 months no interest monthly payment, you just need to split your total cost over 30, 20 or 10 months, paying at least the amount of total cost/30 mths or 20 or 10 mths.
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That's how Neiman's does their interest free payments. Even if you pay extra each month, your monthly payments remain the same, but like Lisa-SH said, you shorten the time of being in debt. It's a nice option if you are disciplined. Really disciplined! The Birks interest free time way more generous than NM - which is 6 months or 12 months depending on how much you spend. If I lived in Canada, I would be in trouble! FYI for NM customers who buy other designer jewelry, my SA just told me that the store is changing their triple points policy soon: you can choose interest free or get triple points when you use your NM card - not both. It's a bummer. Triple points never applied to VCA so it won't affect customers who only buy VCA.
 
#1,011
Lisa-SH said:
I have not used these interest free service yet, but from what I read here as well as Birks website indicates (https://www.maisonbirks.com/en/birks-credit-card), it seems to me that as long as you split the payment over 40 months, which each month the least payment has to be 100/40=2.5 percent of your total cost the item, you will not be charged any interest (a.k.a. no interest); i.e. your item costs $10000, you just need to pay at least $250 each month for 40 months; Of course you want to pay more than $250 it will be fine as well, and it will shorten the timeframe.

Likewise for Birks other 30/20/10 months no interest monthly payment, you just need to split your total cost over 30, 20 or 10 months, paying at least the amount of total cost/30 mths or 20 or 10 mths.
Click to expand...

Oh, that makes a lot of sense- the repayment factor is the %of total purchase you pay per month. Don’t know why I didn’t come up with that (especially with a math background lol!). Thank you!!
 
#1,012
@Lisa-SH thank you! Makes sense. Basically, Birks is the boss! It requires lot of funds/credibility/market presence to offer clients 30-40 months no interest plan.
@Coconuts40 @Toronto24 ladies, imagine paying for perlee bracelet in one shot.. approx $37k+ I could totally invest that money for 40 months and rather pay for it in monthly equal payments. Birks got us.
 
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#1,013
Rami00 said:
@Lisa-SH thank you! Makes sense. Basically, Birks is the boss! It requires lot of funds/credibility/market presence to offer clients 30-40 months no interest plan.
@Coconuts40 @Toronto24 ladies, imagine paying for perlee bracelet in one shot.. approx $37k+ I could totally invest that money for 40 months and rather pay for it in monthly equal payments. Birks got us.
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Absolutely- it makes all the sense to do this!
 
#1,014
Rami00 said:
@Lisa-SH thank you! Makes sense. Basically, Birks is the boss! It requires lot of funds/credibility/market presence to offer clients 30-40 months no interest plan.
@Coconuts40 @Toronto24 ladies, imagine paying for perlee bracelet in one shot.. approx $37k+ I could totally invest that money for 40 months and rather pay for it in monthly equal payments. Birks got us.
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This is exactly how my SA suggests it is used - frees up bulk of money so that you can use it elsewhere such as investments. Thank you Birks :)
 
#1,015
News flash: My SA warned me today that there will be another price increase by Oct 31st; perhaps this is just for Canada? Could anyone chime in to confirm? And if this is the case, what is everyone planning to buy? I have just put a deposit on a 10 motif mop to hedge my bets against the increase; anyone else set their sights on anything???
 
#1,016
tea4two said:
News flash: My SA warned me today that there will be another price increase by Oct 31st; perhaps this is just for Canada? Could anyone chime in to confirm? And if this is the case, what is everyone planning to buy? I have just put a deposit on a 10 motif mop to hedge my bets against the increase; anyone else set their sights on anything???
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[emoji33]My SA hinted to the same, but I didn’t want to believe it. I can’t keep up! All these real and rumoured increases are making me crazy. It just confirms the fact that I have to focus on buying what I love. Period. Price increases be damned.
 
#1,017
tea4two said:
News flash: My SA warned me today that there will be another price increase by Oct 31st; perhaps this is just for Canada? Could anyone chime in to confirm? And if this is the case, what is everyone planning to buy? I have just put a deposit on a 10 motif mop to hedge my bets against the increase; anyone else set their sights on anything???
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A 20 motif for me!
 
#1,018
lasttotheparty said:
[emoji33]My SA hinted to the same, but I didn’t want to believe it. I can’t keep up! All these real and rumoured increases are making me crazy. It just confirms the fact that I have to focus on buying what I love. Period. Price increases be damned.
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You’re absolutely right. Price increases be damned. I by chance was going in this weekend to purchase 20 motif anyways and am shocked to hear of the price increase (my SA did not warn me of the price increase)
 
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