Dell Preferred Account?

S

scorpy

Weaksauce
Joined
Jul 10, 2004
Messages
116
Can anyone actually explain what this is? :confused: It looks to be like a credit card, but they don't actually say that. What I want to know is, if I sign up for this to buy a nice big 30" LCD from them, can I pay it off all at once when the bill comes or am I actually signing up for monthly payments on it?

Also, perhaps more importantly, when do the bills come (assuming it is a credit card)? Once a month? Ideally I would like to just sign up for this once, use it, and then forget about it until my next major purchase. I really don't need another credit card right now, I just would like to be able to purchase a little sooner :D

Thank you!

Josh
 
It's a line of credit that can be used only at Dell.
You can pay off all at once, or by month. But do keep in mind that unless they're running some kind of a no interest promotion, you'll incur finance charges.
 
So your saying that even if I purchase with it and pay it all of up front (when the first payment is due), there still will be finance charges (assuming there is no discount)? It's not like a credit card where you only pay charges if your late on payment?
 
It's like a credit card, but you dont get a card, just a line of credit. Interest is accrued if you don't pay in full or when you're not under a promotion. They always have promos such as 3 months no interest on purchases etc... I only use it to get the 4% off discount then I pay it off.
 
RyuKenLi said:
It's like a credit card, but you dont get a card, just a line of credit. Interest is accrued if you don't pay in full or when you're not under a promotion. They always have promos such as 3 months no interest on purchases etc...
I only use it to get the 4% off then I pay it off.
Click to expand...

And you don't have any up-front finance charges then either? This sounds like the way to go for me. BTW, how soon is your first payment for it?
 
I would think a month after your first purchase. I use the online account feature to check my balance and pay it

Will I get a monthly statement?
Yes, you will get your first monthly statement approximately 30 days after your order has been shipped to you.
Click to expand...

Here is a link to the dpa faq
 
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