diesteldorf
Well-known member
Just wanted to share my experience:
Opened a Moto Credit account in 2013 and was given a $1000 limit--plenty high for a phone, watch etc.
Ordered 2 Moto X Developer Editions when they went on sale for around $325 each.
Since each one was under $599, I had 12 months to pay back around $700 after taxes.
Paid it back leisurely in about 9 months.
It's a decent option, since you always have the option of paying more than the minimum monthly payment. In my mind, the only real decision would be if you are OK with opening another credit card.
However, assuming your credit is already decent and you aren't planning to take out a huge loan or buy a house, it probably won't have a huge affect on your FICO score.
It also helps that I normally only upgrade once per year and that coincides with their release of new flagship devices, so I am not tempted to buy more stuff during the year.
It's not like a Target or Penny's card, where you have to worry about fall and winter fashion and the latest and greatest sales....lol
Opened a Moto Credit account in 2013 and was given a $1000 limit--plenty high for a phone, watch etc.
Ordered 2 Moto X Developer Editions when they went on sale for around $325 each.
Since each one was under $599, I had 12 months to pay back around $700 after taxes.
Paid it back leisurely in about 9 months.
It's a decent option, since you always have the option of paying more than the minimum monthly payment. In my mind, the only real decision would be if you are OK with opening another credit card.
However, assuming your credit is already decent and you aren't planning to take out a huge loan or buy a house, it probably won't have a huge affect on your FICO score.
It also helps that I normally only upgrade once per year and that coincides with their release of new flagship devices, so I am not tempted to buy more stuff during the year.
It's not like a Target or Penny's card, where you have to worry about fall and winter fashion and the latest and greatest sales....lol