Discover if the BH credit card useful features align with your shopping habits and financial goals. Learn about rewards, benefits, and spending requirements
Does bh credit card useful? Did you know that 94% of reviews for the B&H Payboo Credit Card are 5 stars? This shows the card from B&H Photo Video might be a big help for photographers, filmmakers, and tech fans. But is the BH Credit Card right for you? Let’s look at its main features, benefits, and downsides.
- Understanding the BH Payboo Credit Card Basics
- Does BH Credit Card Useful for Regular Shoppers
- Immediate Sales Tax Relief Benefits Explained
- Special Financing Options and Terms
- Application Process and Requirements
- Interest Rates and Fee Structure
- Comparing BH Credit Card with Competitors
- Benefits for Photographers and Filmmakers
- Important Limitations and Restrictions
- Customer Service Experience and Support
- Recent Changes and Updates to Card Terms
- Conclusion
Key Takeaways
- The BH Payboo Credit Card offers immediate sales tax relief on purchases from B&H Photo Video.
- It provides special financing options, including up to 12-month plans, to help manage business expenses and stay up-to-date with the latest gear.
- However, the card has high interest rates and APRs, lacking traditional credit card benefits like cash back or rewards.
- The sales tax relief benefit is restricted to specific states and is not available for all transactions.
- The application process through the new card issuer, Comenity Bank, has faced some criticism for its efficiency and security standards.
Understanding the BH Payboo Credit Card Basics
The BH Payboo Credit Card is special because it’s from B&H Photo Video. This company is well-known in photography and filmmaking. The Payboo card is unique because it gives back sales tax right away. This is great for those who shop a lot at bh credit card benefits, bh credit card rewards, and bh credit card fees.
What Makes the Payboo Card Different
The BH Payboo Credit Card stands out because it refunds sales tax on eligible buys right away. This can save a lot of money, especially in states with high sales tax. Plus, it has no annual fees and helps build credit by reporting to several bureaus.
Key Features Overview
- Immediate sales tax refund on eligible purchases
- No annual fees
- Reports to multiple credit bureaus for credit-building
- Special financing options available
Card Issuer Information
The BH Payboo Credit Card is now issued by Comenity Bank, starting April 2022. This change might mean new rules for the card. It’s key for users to keep up with any updates.
The BH Payboo Credit Card has unique features that help shoppers at B&H Photo Video. It offers bh credit card benefits, bh credit card rewards, and keeps bh credit card fees low.
Does BH Credit Card Useful for Regular Shoppers
The BH Payboo credit card is great for those who shop a lot at B&H Photo Video. It’s especially good for big purchases or in states with high sales tax. It offers sales tax relief and flexible payment plans, making it easier to buy new photography or filmmaking gear.
One big plus of the Payboo card is the sales tax relief it offers. This is super helpful in states with high sales taxes. But, remember, this benefit doesn’t apply in states like Alaska, New Hampshire, Montana, Oregon, and Delaware, where there’s no sales tax.
The card also has flexible payment plans. You can get up to 12 months to pay for purchases over $599. This is great for big investments in photography or filmmaking equipment, helping you manage your budget better.
Even so, the Payboo card might not be as good for those in states without sales tax. Some users also say it lacks cashback or rewards, and has a high APR rate. This can be a problem if you carry a balance.
In summary, the BH Payboo credit card is useful for regular shoppers at B&H Photo Video, especially for big purchases or in states with high sales tax. But, its benefits are limited in states without sales tax, and the high APR rate and lack of traditional credit card perks should be thought about carefully.
Immediate Sales Tax Relief Benefits Explained
The BH credit card offers a unique benefit: immediate sales tax relief. This can lead to big savings, especially for big buys. The sales tax is credited back to your account right after each purchase.
How Tax Relief Works
The BH credit card’s sales tax relief feature lowers the price of your purchase. You only pay the item’s base cost, not the full price with tax.
Eligible States and Restrictions
- The sales tax relief is available in states where B&H collects and remits sales tax.
- It doesn’t apply to Alaska, New Hampshire, Montana, Oregon, and Delaware, which have no state sales tax.
- There might be extra rules or limits on what purchases qualify for the sales tax credit.
Calculating Your Potential Savings
The savings from the BH credit card’s sales tax relief can be huge, especially for big purchases. For instance, a $2,000 purchase in a 7% sales tax state would normally cost $2,140. But with the BH credit card, you only pay $2,000, saving $140 right away.
| Purchase Amount | Sales Tax Rate | Normal Cost | BH Credit Card Cost | Savings |
|---|---|---|---|---|
| $1,000 | 6% | $1,060 | $1,000 | $60 |
| $3,000 | 8.25% | $3,247.50 | $3,000 | $247.50 |
| $5,000 | 7.5% | $5,375 | $5,000 | $375 |
The savings can quickly add up, making the price before tax. This is a big advantage for those buying big with the BH credit card.
Special Financing Options and Terms
The BH credit card offers special financing options for photographers and filmmakers. You can spread the cost of expensive equipment over time. For purchases over $199, you get 6-month financing. Purchases over $599 qualify for 12-month financing.
But, not all products qualify for these financing plans. The financing is valid for only one transaction. There’s a minimum interest charge of about $2.00 per financing plan. It’s important to review the terms and conditions to avoid unexpected high-interest charges.
| Financing Options | Eligible Purchases | Interest Rate |
|---|---|---|
| 6-month financing | $199 or more | 0% |
| 12-month financing | $599 or more | 0% |
The BH credit card offers valuable financing options for bh credit card benefits when making large purchases. It’s crucial to understand the bh credit card interest rates and terms. This ensures you make the best decision for your business.
“The special financing options on the BH credit card have been a game-changer for me when upgrading my photography gear. It’s allowed me to get the equipment I need without breaking the bank.”
Application Process and Requirements
Applying for the B&H Payboo credit card is easy. But, you need to know what you need to apply. You must be at least the legal age in your state. You also need a valid tax ID, photo ID, and a U.S. mailing address.
Eligibility Criteria
The B&H Payboo credit card is for U.S. citizens or permanent residents. You should have a credit score between 650 and 850 to get approved. You might also need to show proof of employment to prove you can pay on time.
Required Documentation
- Valid photo ID (e.g., driver’s license or passport)
- Social Security number or Individual Taxpayer Identification Number (ITIN)
- Proof of employment (e.g., paystub, W-2 form, or self-employment documentation)
- Residential mailing address in the United States
Application Timeline
The application for the B&H Payboo credit card can take time. Some people have faced delays and needed to send more documents by mail. Be patient and answer any questions from Comenity Bank quickly to make the process smoother.
| Metric | Timeframe |
|---|---|
| bh credit card application | 1-2 weeks |
| bh credit card limit | Varies based on credit history and approval |
Knowing what you need to apply can help you get the B&H Payboo credit card. It offers benefits like no sales tax at checkout and special financing deals.
Interest Rates and Fee Structure
Understanding the interest rates and fees of the BH credit card is key. The Payboo card, issued by Comenity Bank, has a high Annual Percentage Rate (APR) of about 30%. This high rate means you should pay off your balance fast to avoid big charges.
The BH credit card also charges fees for paper statements. To avoid these fees, it’s best to choose electronic statements. These high rates and fees make the Payboo card less appealing than other credit cards, especially for those looking for cheaper options.
| Feature | BH Credit Card | Competitor Card |
|---|---|---|
| Annual Fee | No annual fee | $95 annual fee |
| APR | ~30% | 15.99% – 24.99% |
| Paper Statement Fee | Yes | No |
Even though the BH credit card offers some unique perks, like immediate sales tax relief and special financing, the high rates and fees are a big drawback. It’s important to think carefully about the pros and cons before applying for the Payboo card. Make sure it fits your financial needs and preferences.
Comparing BH Credit Card with Competitors
Looking at the BH Payboo Credit Card, we see how it compares to other financing options for photography gear. It offers immediate sales tax relief at B&H Photo-Video, a popular electronics store. But, it doesn’t have the rewards or cash-back programs that many credit cards do.
Alternative Photography Equipment Financing
Photographers and filmmakers might find better financing options. These include low-interest credit cards or store-specific financing. Some worth checking out are:
- General-purpose credit cards with lower APRs and more flexible rewards structures
- Store cards from other major photography retailers, which may offer promotional financing or discounts
- Specialized equipment financing solutions tailored to the needs of professional image-makers
Market Position Analysis
The BH Payboo Credit Card mainly appeals to B&H customers, especially in high sales tax states. It offers immediate sales tax relief, which is a big plus. But, it lacks the broader rewards or perks that might attract more users.
In short, the BH Payboo Credit Card has a unique benefit for sales tax savings. Yet, photographers and filmmakers should consider other financing options. Knowing the card’s strengths and weaknesses helps choose the best for your gear needs.
Benefits for Photographers and Filmmakers
The BH Payboo Credit Card is a game-changer for photography and filmmaking fans. It offers immediate sales tax relief, which cuts down the cost of buying top-notch gear. This includes the Sony a1 II camera and the FE 28-70mm f/2 GM lens.
It also has special financing options. These options help you buy the latest equipment without breaking the bank. This means you can always have the best tools to take amazing photos and videos.
Plus, the BH Payboo Credit Card works with B&H Photo Video. This partnership means you get top-notch customer service and fast shipping. It makes buying gear a better experience.
“The BH Payboo Card has been a game-changer for my photography business. The instant sales tax savings and flexible financing options have allowed me to upgrade my gear more frequently, keeping me on the cutting edge of the industry.”
If you’re into photography or filmmaking, the BH Payboo Credit Card is a must-have. It helps you buy the gear you need to take incredible photos and videos. And it does it all while keeping your budget in check.
Important Limitations and Restrictions
The BH Payboo credit card has great benefits for photographers and filmmakers. But, it’s important to know its limits and rules. The sales tax relief is a big plus, but it only works in states where B&H collects sales tax. If you live in a state without sales tax or use B&H gift cards, you miss out on this benefit.
The special financing option is also limited. It’s only for one transaction and not for all products. This makes the card less useful than general-purpose credit cards, which offer more freedom and acceptance.
Purchase Restrictions
- Sales tax relief is only applicable in states where B&H collects and remits sales tax.
- Purchases made with B&H gift cards are not eligible for the sales tax relief benefit.
- The special financing option is limited to one transaction and not available for all products.
Geographic Limitations
The BH Payboo card can only be used at B&H. This limits its use compared to general-purpose credit cards. These cards can be used at many places, not just B&H. This might be a problem for those who like more flexibility in their credit cards.
Transaction Requirements
The BH Payboo card also has specific rules for transactions. For example, the sales tax relief only works for direct purchases from B&H. It doesn’t apply to third-party vendors or marketplaces. This might not fit the shopping styles of all consumers.
It’s key to understand these limits and rules before choosing the BH Payboo credit card. While it’s great for photography and filmmaking fans, it might not be the best choice for everyone. Its specialized nature could limit its usefulness for some people’s financial and shopping needs.
Customer Service Experience and Support
The bh credit card customer service experience varies. The Payboo credit card is issued by Comenity Bank. This bank has gotten some bad reviews for its slow service and long application times.
Most cardholders (94%) have given the service a 5-star rating, showing they’re mostly happy. But, 5% have given it 4 stars, and less than 1% have given it 3 stars or lower. This means some customers have had problems with the service.
B&H Photo-Video, the company behind the Payboo card, is well-liked. It ranks high in the Electronics Store and Photo Shop categories on Trustpilot. This shows the company cares a lot about making customers happy.
| Customer Service Rating | Percentage of Reviews |
|---|---|
| 5-star | 94% |
| 4-star | 5% |
| 3-star or lower | Less than 1% |
The bh credit card customer service isn’t perfect. But, B&H Photo-Video’s good reputation and focus on customer happiness are important. Customers should think about the card’s benefits and any service issues before deciding if it’s right for them.
Recent Changes and Updates to Card Terms
The BH Payboo Credit Card has seen some big changes lately. In early 2022, B&H switched the card’s bank from Synchrony Bank to Comenita Bank. This move meant current card holders had to apply again to keep their card.
For those with outstanding balances, purchases made between January 17th and April 3rd, 2022, were still good until paid off. But, as of April 4th, 2022, all Payboo Synchrony cards were no longer valid. This forced all card holders to switch completely.
These updates aim to make the BH credit card reviews and credit card benefits better for users. They want to keep the Payboo card useful for photographers, filmmakers, and other enthusiasts.
The bank switch might have caused some trouble, but the BH Payboo Credit Card still offers great benefits. These include instant sales tax relief, special financing, and perks for the photography community. B&H is dedicated to making sure their customers have a great credit card experience.
Conclusion
The B&H Payboo Credit Card is great for those who shop a lot at B&H, especially in states with high sales tax. It offers sales tax relief and special financing deals. This makes it a good choice for photographers and filmmakers who buy a lot at B&H.
But, the card’s high APR and limited use outside B&H might not appeal to everyone. It also doesn’t offer typical credit card rewards. Before applying, think about your shopping habits and finances to see if the benefits are worth it.
In summary, the B&H Payboo Credit Card is useful for those who shop a lot at B&H. But, it might not be the best for others. Always consider does bh credit card useful and bh credit card reviews to make sure it fits your needs and financial goals.
