There are some catalogs with instant credit approval that offer buy now pay later options. Most do not have a no credit check feature, but even those with a bad score can likely make their purchases and charge them. In this article, I’ll go over some of the catalogs that offer instant credit approval to their online shoppers, along with some additional information you might want to consider.
Names of Online Catalogs with Instant Credit Approval
Fingerhut: Fingerhut sells a little bit of everything, including electronics, pet supplies, toys and apparel. You can find some name brands and good quality merchandise as you shop around and look at the site and magazine of merchandise.
Seventh Avenue: You’ll need to submit to a credit check for instant credit approval, in order to qualify for bill me later shopping. This is one of the best places to look for buy now pay later shopping, but no credit check will not happen here.
Ginny’s: They have a lot of different merchandise lines and payments can be as low as $20 per month. It’s a good catalog where you can use buy now and pay later shopping to the fullest extent.
Grand Pointe: Home décor, kitchen and bath items, and jewelry can be purchased with monthly payments as low as $.7.99 per month.
How Buy Now Pay Later Catalogs Work
Essentially, you submit to a credit check and many of the online catalogs offer instant approval, assuming your score and payment history meets their criteria. You will be able to shop right away and pay your bill in monthly installments, with accruing interest.
The interest rates might vary, depending on your score. Some companies will offer reasonable rates, while others will very high rates. Do your homework, especially around Christmastime, when some of the companies offer special promotions.
Promotions of Catalogs with Instant Credit Approval
There are many different promotions that these types of online vendors use to help build sales and a customer base. While it will vary greatly, these are some of the ones you are likely to find as you look around and compare.
No Payments: No payments for 30 days, 60, days, 90 days, and sometimes six months are possible, but you will generally still be accruing interest, so it’s in your best interest to pay it off.
No Interest: No interest online catalog sales will generally have a time limit on them of less than 6 months, but it is possible to find them for as long as one year. Most will have a clause that allows them to charge the interest you would have accrued if the bill isn’t paid in full before the promotion ends.
Low Introductory Rate: Some will only charge 2.99% interest for a short period of time. They want you to shop, so keep your eyes open for these gimmicks.
Percentage Off Total Purchase: If you open up and account with them today, you can take a fixed percentage rate off the total price.
Graduating Dollars Off: Spend $50 and take off $10, if you spend $100 you can take off $20 and so on. This is a common tactic used by catalogs with instant credit approval that offer buy now pay later options.