Average Rating
Bill Me Later is a payment service that allows shoppers to make purchases online and pay for them later. Bill Me Later serves individuals who want to defer payment and / or don't want to enter their credit card information online.
The main problem I have with Bill Me Later is that the consumer has no idea what dollar amount they can be approved to purchase BEFORE they actually try the transaction. So it would require "fishing" to find out where your credit limit is at. Well, this "fishing" may mean MULTIPLE attempts to try and process the transaction, until you finally reach a dollar value/item that you are approved to purchase. IF there is a credit "hard" hit each time you "fish", this could be very damaging to the consumer. They may make multiple hits to find that they are only approved for what amounts to is a LOW END credit offer ($300.00) at a pretty high interest rate.
I'm wary of this service and it appears to be a business front for this large credit issuer and a marketing/advertising ploy or scheme.
Who knows, but it smells like a rat to me.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 5.01%  |
5.12% |
| 30 Year Fixed | 5.48% |
5.60% |
| 1 Year ARM | 3.79% |
3.80% |
| 5/1 Year ARM | 4.08% |
4.16% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.79% | 4.79% |
| 10 Year Loan | 7.62% |
7.66% |
| 15 Year Loan | 7.75% |
7.79% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.29% | 0.29% |
| Money Market/Savings | 0.42%  |
0.43% |
| 12 Month CD | 1.34% |
1.36% |
| 60 Month IRA CD | 2.45% | 2.45% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 11.62%  |
11.49% |
| No Annual Fee Cards | 11.55% |
11.52% |
| Reward Cards | 12.08% |
12.02% |
| Small Business Cards | 10.88% | 10.88% |
| Student Cards | 14.85% | 14.85% |
| Platinum Cards | 11.58% |
11.54% |
