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Newegg - No payments for 6 months

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darkside1016

darkside1016

Member
​
Joined
Aug 24, 2005
Newegg has a deal where if you get a Preferred Account you have 6 months to pay off your balance of any purchases over $500.

However I have tried a many few times to sign-up for this account and I get:
.....ROFL
Ok sorry guys I was trying to get my error message back so I could paste it in and I they just approved it for no reason with all the same information!
W00T. I will be buying my sig rig when I get my card, 2-3 weeks.

I just turned 18 so this is a great way to establish good credit for myself.
Newegg wins again!
 
Ummmm. I dont think this is a good idea at all. These sort of things have unbelievebly high interest and are typically used by loan sharks. In summary dont buy if you dont have the money.
 
Sentential said:
Ummmm. I dont think this is a good idea at all. These sort of things have unbelievebly high interest and are typically used by loan sharks. In summary dont buy if you dont have the money.
Click to expand...
its a great deal if u plan to pay off in 6 months or less... if not then intrest will prolly be around 20% after the intro period.
 
Sjaak said:
Why do so many people find it so hard to live by that simple golden rule? Saving money never hurts anyone.
Click to expand...


I totally agree that if you don't have the cash in hand, then you shouldn't buy it. BUT, in darkside1016's situation where he is 18, starting to accumulate some good credit may be a good thing, as long as he does not get into the habit over going overboard when buying on credit.


PS Be sure you read and understand the fine print ;)

Terms and Conditions of the Newegg.com Preferred Account Credit Card


The Newegg.com Preferred Account Credit Card ("Account") is offered through Chase Bank USA, National Association, Wilmington, Delaware (The Bank). By completing this purchase you agree that you have read the Terms and Conditions; you request an Account and a credit card for that Account; you authorize The Bank to review your credit report; you understand that this account is subject to finance charges and late fees; and you agree that this Account is governed by Delaware and Federal law. You authorize Newegg.com to share your personal information, including email address, with The Bank, and authorize The Bank to use that information for all lawful purposes in connection with the Account.


These Terms and Conditions include the E-Sign Consent, Important Disclosures, the Cardholder Account Agreement, and the Privacy Notice.

E-Sign Consent

CConsumer Consent to receive disclosures and other information electronically.

MPORTANT NOTICE. In order to complete this transaction online, the Lender must provide the consumer with certain disclosures required by law. The Lender can provide these disclosures to the consumer online only if the consumer consents. The consumer should choose another payment option if the consumer does not consent.

1. DEFINITIONS.In this Newegg Preferred Account E-Sign Consent, the following definitions apply:
"I", "me" and "Borrower" mean the person who is asking to open an Account and to use the Account to make a purchase. "You" and "Lender" mean Chase Bank USA, N.A., and any person, company or bank to whom the rights if the Lender have been assigned.

2. IMPORTANT NOTICE. In order to complete this transaction online, you must provide me with certain disclosures required by law. You can provide these disclosures to me online only if I consent. If I do not consent, I will choose another payment option.

3. CONSUMER CONSENT. By checking the "I agree to have the Terms and Conditions presented electronically", which I hereby adopt as my electronic signature, I consent and agree that:

You can provide disclosures required by law and other information about my legal rights and duties to me electronically.
My electronic signature on agreements and documents has the same effect as if I signed them in ink.
You can send important communications and disclosures to me electronically to the email address that I have provided to the Merchant in this transaction or to another email address that I provide to you for that purpose.
This consent applies to this transaction, to all future transactions in which I use the Account or with you, at any time, and to other disclosures that you provide to me by email, unless I have, prior to such transaction, withdrawn my consent by the procedure mentioned below. The disclosures and information I will receive in this online session are:
This E-Sign Consent
Important Disclosures
Cardholder Agreement
Privacy Notice
4. WHAT I WILL NEED. I understand that in order to access and retain the electronic disclosures I will need an email client such as Netscape or Microsoft Outlook. By consenting, I acknowledge that I am able to access the electronic disclosures online.

5. REQUESTING PAPER DOCUMENTS AND WITHDRAWING CONSENT.I understand that I may request paper copies of the disclosures and other information at any time, and that you will provide them to me by mail at no charge. I understand that I may withdraw my consent to receive electronic disclosures at any time after this transaction is completed. In order to request paper copies and/or to withdraw consent, I will contact you at:

Chase Bank USA, N.A.
c/o Newegg.com Preferred Account
PO Box 2394
Omaha, NE 68103-2394

Important Disclosures

NOTICE TO BORROWER: (1) CAUTION - IT IS IMPORTANT THAT BORROWER THOROUGHLY READ THE DISCLOSURES AND AGREEMENT BEFORE BORROWER AGREES; (2) BORROWER SHOULD RETAIN A COPY OF THE DISCLOSURES AND AGREEMENT FOR BORROWER'S RECORDS.

Daily Periodic Rate and ANNUAL PERCENTAGE RATE The fixed Daily Periodic Rate is 0.06024%. This corresponds to an ANNUAL PERCENTAGE RATE of 21.99%.*
Grace Period for Standard and Promotional Purchases At least 25 days, if the New Balance is paid in full by the Payment Due Date**
Grace Period for Financed Installment Purchases None: there is no grace period in which to repay Financed Installment Purchases before a finance charge will be imposed.
Method of Computing the Balance Average Daily Balances (including new purchases)
Annual Fees None
Minimum Finance Charge $ 1.00
Fee for paying late $ 25.00
Over Limit Fee None

* Daily Periodic Rate and Annual Percentage Rate (APR). The APR is not permanent. Lender may change it at any time, subject to the section of the Cardholder Agreement called "Amendment of the Agreement."

** Grace Period for Standard and Promotional Purchases. Lender will not assess a Finance Charge on Standard or Promotional Purchases during any Billing Cycle in which payments and credits made on or before the Payment Due Date reduce the outstanding balance on Standard and Promotional Purchases (excluding purchases made during the Billing Cycle and excluding Promotional Purchases prior to their Expiration Dates) to zero or to a credit balance. The Grace Period does not apply to a Promotional Purchase subject to a Deferred Payment Option.

Important information about procedures for opening a new account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for Borrower: When Borrower opens an account, Lender will obtain Borrower's name, address, date of birth, and other information that will allow Lender to identify Borrower. Lender will verify this information with Borrower or others.

The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

As required by California law, a married applicant may apply for a separate account.

Lender may obtain a report from a consumer credit reporting agency in connection with this application and/or for any updates, renewals, extensions of credit on this Account or collection of any loan made as a result of the application. If Applicant requests to be informed whether or not a consumer credit report was obtained, Lender will provide that information, including the name and address of each consumer reporting agency from which a consumer credit report was obtained.

New York residents may contact the New York state banking department at 1-800-518-8866 to obtain a comparative listing of credit card rates, fees and grace periods.

Cardholder Agreement

This Agreement sets forth the terms and conditions of the Newegg.com Preferred Account Credit Card (the "Account") offered through Chase Bank USA, National Association, Wilmington, Delaware. Please read this Agreement and keep a copy.

1. DEFINITIONS. In this Cardholder Agreement, the following definitions apply:

"Agreement" means the Important Disclosures, Cardholder Agreement, and any amendment or addendum to this Agreement.
"Merchant" means Newegg.com.
"Purchases" are loans made on the Account to the Borrower, when the Borrower uses the Account to pay for a purchase from the Merchant.
a. Parties to this Agreement.
"I", "me" and "Borrower" mean the person who applied for this Account and agrees to this Agreement.
"You" and "Lender" mean Chase Bank USA, N.A., and any person, company or bank to which the rights of the Lender have been assigned.
b. Parts of the Account.

(i) Revolving Parts.
"Standard Purchases" are subject to the standard repayment terms and Annual Percentage Rate of the Account.
"Promotional Purchases" may be subject to special, promotional repayment terms for all or part of the time they are unpaid.
(ii) Installment Parts.
"Installment Purchases" are loans from the installment part of the account, which will be repaid in monthly installments called "Monthly Plan Payments."
"Interest-free Installment Purchases" will not be subject to Finance Charge imposed by the Lender, if Borrower pays the balance in full by the End Date.
"Financed Installment Purchases" will be subject to a Finance Charge imposed by the Lender.

c. Other Definitions used in this Agreement.
"Billing Cycle" means the time between the dates on which you prepare billing statements, or would have prepared them if statements were required under the paragraph of this Agreement called "Billing Statements." The Billing Cycle will end on approximately the same day of each month. You may change the day the Billing Cycle ends, at your option. The Billing Cycle may end on any day that you or I Terminate the Account.
"Cost" means the price of any item I purchase from the Merchant using the Account, plus any fee or charge I agree to pay the Merchant, including Finance Charges, the cost of shipping and taxes, less any applicable discount or credit offered by the Merchant.
"Credit Card" means the Newegg.com Preferred Credit Card provided to me for this Account.
"Credit Limit" means the maximum amount of credit that Lender has approved for this Account. When Borrower opens this Account, Lender will establish the Credit Limit. Lender may increase the Credit Limit at any time; Lender may decrease the Credit Limit at any time, but will notify Borrower immediately and tell Borrower the reasons. The total of all balances of the Account (including unpaid transactions posted to the Account, unpaid and unexpired authorized transactions, transactions which are the subject of a billing dispute, and all finance charges and fees) may not exceed the approved Credit Limit.
"End Date" is the Payment Due Date of the final Monthly Plan Payment on an Installment Purchase.
"Expiration Date" is the date the special promotional terms on a Promotional Purchase ends.
"Payment Due Date" means the date which will appear each month as the "Payment Due Date" on the billing statement. The Payment Due Date will be not less than 25 days after the last day of the Billing Cycle (the Statement Date). "Termination" means that I will no longer be able to obtain loans or any extension of credit on this Account. Termination affects the Account permanently, at the sole discretion of the Lender.


2. GENERAL DESCRIPTION OF THE ACCOUNT. This is a multi-part open-end credit card account. I will request a loan on this Account by choosing the Newegg.com Preferred Account payment option when I make a purchase from the Merchant. Each purchase will be added to the balance of the Standard Purchases part of the Account, unless it is subject to special terms for a Promotional Purchase or an Installment Purchase. You will charge a Finance Charge on all parts of this Account, beginning on each transaction date, except during the Grace Period and as otherwise provided in the paragraph of this Agreement called "Finance Charge." You may make changes in this Agreement as explained in the paragraph called "Amendment of this Agreement." For example, the Annual Percentage Rate disclosed is not permanent; the Lender can change it at any time.



3. HOW I CAN OBTAIN LOANS ON THIS ACCOUNT.I can obtain a loan on this Account by choosing the Newegg.com Preferred Account payment option when I make a purchase from the Merchant. The Merchant may allow me to charge the purchase to my Account if I provide the Merchant with proper credentials and certain information about my Account. I will not have to use the credit card or have it in my possession to make a purchase. You will make a loan to me, in the amount of the Cost of the purchase, by paying the Merchant on my behalf. You may refuse to make the loan to me if the loan would cause the balances of the Account to exceed the Credit Limit.

a. Standard Purchases. All loans will be subject to the Standard Purchase terms, unless special Promotional or Installment terms are offered by the Merchant and agreed to by me at the time of the purchase.
b. Promotional Purchases. Promotional Purchases are subject to the Standard repayment terms and rate, except to the extent that the promotional offer states different terms. Promotional Purchases may either be subject to a Deferred Payment Option, such as "90 days same as cash" or be "No Interest Until" the Expiration Date. A Minimum Payment is due each month on "No Interest Until" balances before and after the Expiration Date. No Minimum Payment will be due on Deferred Payment Option parts prior to the Expiration Date. Lender will provide Borrower with information about the terms that apply to Promotional Purchases at or before the time they are offered.
c. Installment Purchase. You may offer me the option to make some purchases as Installment Purchases. If I make an Installment Purchase, the Merchant will inform me if it is a Financed Installment Purchase and of the payment amount and terms, before I agree to the purchase.
d. Refinance of Closed-end Loan. If I have any unpaid Closed-end Loans from you for purchases I made from the Merchant, at the time I open this Account, I request that you refinance the Closed-end Loans by making a loan from this Account. The loans will be from Installment Purchase parts of the Account, subject to the same Finance Charges, if any, payment terms and End Dates as the Closed-end Loans that were refinanced.

4. Other Agreements about Obtaining Loans.

(i) Credit Limit. You will establish a Credit Limit for the Account, which is the maximum amount that can be outstanding at any time. However, you have the option to refuse my request for any loan; you will notify me of the reasons for any refusal, if required by law.
(ii) You may charge my Account for Purchases. I authorize you to charge this Account for the Cost of any purchase I, or anyone to whom I have given permission to use this Account, make from the Merchant using this Account. I understand that the amount that you actually pay to the Merchant may be less than the Cost, because the Merchant may agree that you may retain a portion of the Cost.
(iii) You may charge my Account for Finance Charges and Other Charges. I authorize you to charge this Account for Finance Charges, any Other Charges, costs of collection, and amounts that I agree in this Agreement to pay.


5. MY PERSONAL INFORMATION. Each time I use Account, I authorize the Merchant to share my personal information with you to the extent necessary for you to complete the transaction, including paying the Merchant on my behalf, charging my Account for the Costs of the Purchase, sending me a billing statement, and for all other lawful purposes in connection with this Account. I authorize the Merchant to share my email address with you. I consent to your sending me emails for any lawful purpose in connection with this Account, including commercial emails marketing financial products and services. I may withdraw my consent to your sending me commercial emails, at any time, by changing my "email preferences" at the "Update Personal Info" section of the www.newegg.com/mypreferredaccount website, under the "Update Account" tab, or by "unsubscribing" when you send me an email.

6. PROMISE TO PAY. I promise to pay to you the balance on this Account, including all Purchases, loans and other amounts I have authorized you to charge to this Account. I promise to pay these amounts as agreed in this Agreement, including my promise to make the Minimum Payment Due each month on or before the Payment Due Date. I also promise to pay you any amount by which the balance of the Account exceeds the authorized Credit Limit.


7. I ALSO PROMISE:

a. To pay for all purchases made by me and by someone I authorized to use this Account. You (and any person who may decide whether I am liable for amounts charged to this Account) may presume that I have authorized any purchase made in my name using this Account, if the purchase is delivered in my name to my address, unless I return the purchase to the Merchant within a reasonable period of time.
b. To give you personal financial information about me that you may reasonably request, from time to time.
c. To pay all costs of collection if you take any action to collect this Account or take any action in a bankruptcy proceeding filed by or against me, if you are permitted by applicable law to charge those costs. This shall include, unless prohibited by applicable law, reasonable attorneys' fees and expenses to the maximum amount permitted by applicable law.
d. Not to give you false information or signatures, electronic or otherwise, at any time.
e. To pay a Late Fee and Return Check Fee, as provided in this Agreement.
f. Unless I am using the Pay Online Program, to send all payments to the remittance address disclosed on the billing statement, to send with each payment the remittance coupon provided to me with the billing statement, and to write on the remittance coupon the amount of the payment I am making to this Account.
g. Unless I am using the Pay Online Program, to make all payments by check, money order, or other legal instrument in U.S. Dollars. If I make a payment using a non-standard check, money order or other instrument, I agree to pay your costs of processing the payment. This includes, among other things, oversized and undersized instruments, instruments using non-standard materials, instruments in a non-standard format, instruments written in a language other than English, and any other non-standard instrument that requires special handling.
h. To promptly notify you if I change my name, my mailing address, my e-mail address or my telephone number.
i. To honor any other promises that I make in this Agreement.
j. That I will not accept this Account unless I am of legal age in the state where I reside and am a resident of the U.S.A.
k. To make a good faith attempt to resolve any dispute I have with a Merchant directly with that Merchant; I agree to allow a reasonable period of time for the Merchant to resolve the dispute. This shall in no way limit or reduce my rights in case of a billing error.
l. To use the Account for personal or household purposes only.


8. SECURITY INTEREST. You will not take any security interest to secure this Account.

9. FINANCE CHARGE. Except during the Grace Period, I agree to pay a Finance Charge on the outstanding balance of each part of this Account at all times that this Account is in effect, including any period after Termination in which there remains an outstanding balance. The Finance Charge will be calculated for each part of the Account separately, as of the last day in the Billing Cycle (the "Statement Date"), in the following way:

a. Parts of the Account. For the purposes of the Finance Charge, each part of the Account will be calculated separately. Parts may be called "Transaction Types" on the billing statements.
(i) Standard Purchases. All Standard Purchases and other balances that are moved to the Standard Purchases part of the Account will be a single part.
(ii) Promotional Purchases. Promotional Purchases while subject to different Promotional terms or Expiration Dates will be different parts.

"No Interest Until" Purchases. From time to time, you may offer Promotional Purchases with zero percent (0%) ANNUAL PERCENTAGE RATE for a stated period of time. You will tell me about those rates and terms when you make the offer. The date on which the zero percent (0%) ANNUAL PERCENTAGE RATE ends is called the "Expiration Date." After the Expiration Date, you will calculate the finance charge at the ANNUAL PERCENTAGE RATE for Standard Purchases.
Deferred Payment Option.From time to time, you may offer Promotional Purchases with a Deferred Payment Option. These may be called "Same as Cash" offers, such as "90 days Same as Cash." All purchases subject to the same Deferred Payment Option terms and Expiration Date will be a single part; at your option, you may consider any Deferred Payment Option purchase to be a separate part. If I pay the balance on the Deferred Payment part (which is called the "Current Balance") in full by the last day of the Billing Cycle in which the Expiration Date occurs, you will not charge any Finance Charge for that part. You will calculate the Finance Charge for each Billing Cycle prior to the Expiration Date and disclose it on the Billing Statement as the "Accrued Deferred Finance Charge." If I do not pay the balance on a Deferred Payment Option part before the last day of the Billing Cycle in which the Expiration Date, you may charge my account, in the Billing Cycle in which the Expiration Date occurs, Finance Charges on each Promotional Purchase included in that part from the date of each purchase (each "transaction date").
End of Promotional Terms.I authorize you to move the balance remaining in any Promotional Purchase part to the Standard Purchases part of the Account on or after the last day of the Billing Cycle in which the Expiration Date occurs. The balance will then be subject to the repayment and Finance Charge terms for Standard Purchases.
(iii) Installment Purchases. Each Installment Purchase will be a part. If there is a balance owing on an Interest-free Installment Purchase after the End Date, I authorize you to move, on or after the End Date, that balance to the Standard Purchases part of the Account, and it will be subject to the repayment and Finance Charge terms for Standard Purchases.

b. When the Finance Charge begins. TThe Finance Charge begins to accrue on the transaction date, except Finance Charge does not accrue during the Grace Period, if applicable to that part.
c. Grace Period. You will not assess a Finance Charge on Standard or Promotional Purchases during any Billing Cycle in which my payments and credits on or before the Payment Due Date reduce the outstanding balance for Standard and Promotional Purchases (excluding Standard Purchases I made during the Billing Cycle and excluding Promotional Purchases prior to their Expiration Date) to zero or to a credit balance. No Grace Period will apply to a Promotional Purchase subject to a Deferred Payment Option or to a Financed Installment Purchase.
d. How you will determine the balance on which the Finance Charge is computed. You will compute the Finance Charge for each part on the "Average Daily Balance" (including new purchases) for that part during the Billing Cycle. To get the Average Daily Balance for each part, you will take the beginning balance for each part each day and add any new loans and adjustments posted that day; then subtract any payments, credits, and unpaid Finance Charges allocated to that part. This gives you the "Daily Balance." Then, you add up all the Daily Balances for the Billing Cycle for that part and divide the total by the number of days in the Billing Cycle. The result is the Average Daily Balance for that part. You will treat any Average Daily Balance which is a credit balance as zero.
e. How you compute the Finance Charge. You will compute the Finance Charge during the Billing Cycle for each part separately. For each part, you will multiply the Average Daily Balance for the Billing Cycle by the number of days in the Billing Cycle; then you will multiply the product by the Daily Periodic Rate in effect for that part during that Billing Cycle. The result is the Finance Charge for that part. You will then add up the Finance Charge for all the parts, to get the Finance Charge for the Account.
f. Minimum Finance Charge. If the Daily Balance of any part on the last day of a Billing Cycle (the Statement Date), is greater than zero, and if the Finance Charge for the Billing Cycle is greater than zero but less than $1.00, you may assess a Finance Charge of $1.00 for the Billing Cycle.
g. Rate of Finance Charge. ou will compute the Finance Charge using the Daily Periodic Rate disclosed in the enclosed Important Disclosures. This corresponds to the ANNUAL PERCENTAGE RATE disclosed in the enclosed Important Disclosures.

10. OTHER CHARGES. I agree to pay the following Other Charges, as applicable. I agree that you may allocate any Other Charge to the Standard Purchases part of the Account.

a. Late Fee. You will charge me a Late Fee for each month the Minimum Payment is not paid in full by its Payment Due Date. The amount of the Late Fee is disclosed in the Important Disclosures. No Late Fee will be due if the reason the Payment is late is either:
No Late Fee will be due if the reason the Payment is late is either:

(i) attributable to a Late Fee assessed on an earlier payment; or
(ii) because, after default, the entire balance on this Account is due.
b. Return Check Fee. You will charge me a service charge of twenty dollars ($20.00) if my payment on this Account is not paid by the drawee (my bank) for any reason (unless you improperly process the payment). This includes a payment by check, money order, draft, ACH, electronic check or simulated check authorized by me, which is not paid because of "not sufficient funds" in the account, because the account has been closed or does not exist, because I am not authorized to use the account, or because the drawee does not recognized the payment method used. You will not charge the service charge, however, if you redeposit the check and it is paid.
c. Fee for providing a copy of billing statement. Unless you are required by law to provide me with a copy of a billing statement for a Billing Cycle other than the current Billing Cycle, I agree to pay you a fee of ten dollars ($10.00) per billing statement if I request a copy.

11. MINIMUM PAYMENT DUE. The Minimum Payment will be due each Billing Cycle, on or before the Payment Due Date. The amount of the Minimum Payment Due will be the sum of the Monthly Plan Payments due on each Installment Purchase part plus the payment due for the revolving parts plus any amounts past due from previous Billing Cycles.

a. Revolving Parts. The payment due for the revolving parts will be the greater of (A) $10.00; or (B) 3% of the sum of the balances on the revolving parts (excluding any balance subject to a Deferred Payment option which has not reached its Expiration Date), on the last day of the Billing Cycle. The payment will be rounded down to the next whole dollar. In no event, however, will the payment due be greater than the sum of the total outstanding balances on those parts.
b. Installment Parts. The Monthly Plan Payment due for each Installment Purchase which has not reached its End Date and on which a balance is outstanding will be the installment payment amount I agree to when I make an Installment Purchase. The Monthly Plan Payments for an Installment Purchase will be calculated so that they are substantially equal over the term of the Installment Purchase. In no event, however, will the Monthly Plan Payment due for any Installment Purchase be greater than the outstanding balance due on that part of the Account. The Monthly Plan Payment due on the End Date may be more or less than the others, because it will be adjusted as necessary to pay the actual balance and accrued Finance Charge owing on the End Date.

12. PREPAYMENT. If I pay an amount greater than the Minimum Payment Due in any Billing Cycle, this will not affect the way you calculate the amount of the next Minimum Payment, and I will nevertheless make the Minimum Payment the next Billing Cycle. I MAY MAKE PAYMENTS IN ANY AMOUNT IN EXCESS OF THE MINIMUM PAYMENT AND MAY PAY THE ENTIRE BALANCE OR ANY PART OF IT AT ANY TIME PROVIDED THAT I PAY AT LEAST THE MINIMUM PAYMENT DUE IN EACH BILLING CYCLE WHEN IT IS DUE.


13. BILLING STATEMENTS.

a. You will provide me with a billing statement for each Billing Cycle in which:
(i) You impose a Finance Charge to this Account; or
(ii) The New Balance is more than $1.00 (whether a credit or debit balance).
b. I agree to notify you in writing of any errors in the billing statement within 60 days from the date it is provided. I agree to examine the billing statement and to notify you in writing, immediately, of any purchases which were not made or authorized by me. You need not provide a billing statement to me if you deem this Account uncollectible or if delinquency collection proceedings have been started. c. If I open other accounts with you, at your option you may send the billing statements for some or all accounts in one envelope. You may combine the remittance coupons for the separate accounts into a single coupon, with places for me to write the amount of the payment to be applied to each account.

14. PAYMENT APPLICATION.

a.You will use each payment that I make, when I am not in default, first to pay billed Monthly Plan Payments on the Installment Purchases (in any order you choose), then billed Finance Charge, then billed other charges, then the principal balance of the revolving parts (in any order you choose), and then any other amounts due.
b.If you have sent me billing statements for two or more accounts in the same envelope, with one or more remittance coupons, you will apply the payments I send with that coupon to the separate accounts in accordance with the amounts to be applied to each account that I write on the coupon(s) at the appropriate place. My instructions on the coupon(s) shall control, even if I give contradictory instructions in some other way.
c. If I send you payments for two or more accounts, and (i) I fail to write on the remittance coupon the amount to be applied to each account, (ii) I write amounts that do not add up to the amount of the payment I send with the coupon, or (iii) I write amounts that are illegible: you will apply the payment, at your option, in the order that you reasonably understand my instructions to mean or in the following order: first to pay the Minimum Payment due on the other account, then to pay the Minimum Payment due on this Account, then to pay any amounts outstanding on the other account, then to pay any amounts outstanding on this Account.


15. DEFAULT. I will be in default if any of the following happen:

a. If I fail to pay any Minimum Payment Due on or before the Payment Due Date.
b. If I fail to keep any promise or perform any duty in this Agreement, or in any other loan or agreement with you.


If default occurs, you will have no duty to make loans or advances from this Account and this Account will be Terminated. This may happen without any prior notice to me. If you choose, at your sole option, to make new loans from this Account after default, I agree that you may charge those loans to this Account. In addition, if a default occurs, all amounts which I owe under this Agreement shall be due and payable immediately, at your option (subject to any applicable law to the contrary); you may apply any payments I make after default to satisfy the amounts I owe on any part of the Account, in any order you choose. The other provisions of this Agreement will continue to apply to this Account. If you get a judgment after default and/or if I am a debtor in an action filed by or against me under the Bankruptcy Code, unless prohibited by applicable law, the rates of Finance Charge applicable to this Account will continue to apply to the balances on this Account. A default under this Agreement is a default under every other account or loan which I have with you.

16. TERMINATION OF THE ACCOUNT. In addition to Termination by default, you may Terminate this Agreement at any time and for any reason subject to the requirements of applicable law. For example, Lender may Terminate because its business relationship with the Merchant changes or ends. I can terminate my Account by sending written notice to the address on the billing statement. After Termination, I will not be able to make new purchases on this Account. Termination under this paragraph will not affect any purchase which complies with this Agreement and which was made before the date of the Termination notice. If you choose, at your sole option, to allow purchases after you have Terminated this Account (whether or not I have given you notice Terminating this Account), I agree that you may charge those purchases to this Account. After Termination under this paragraph, balances will continue to accrue Finance Charges until paid in full and I agree to pay the balance on this Account, the Finance Charges and all other amounts due in accordance with the terms of this Agreement. All other provisions of this Agreement will continue to apply.

17. YOUR LIABILITY. You have no responsibility for the failure of the Merchant to accept payment using this Account. Your liability, if liability is provided under applicable law, for a wrongful failure to make a loan on this Account is limited to my actual damages. Failure to make a loan for any reason as provided under the terms of this Agreement will not be wrongful.

18. AMENDMENT OF THIS AGREEMENT. You may amend this Agreement from time to time, in any respect by giving me written notice where required by law. An amendment may change something in this Agreement (for example, the rate of Finance Charge on any or all the parts), add something new or take something out. Such amendments will apply to outstanding balances and new loans, except as otherwise indicated in the written notice or provided by applicable law. This Agreement, except when amended in accordance with this Agreement, is the final expression of the Agreement between us and may not be contradicted by evidence of any alleged oral agreement.

19. REMEDIES CUMULATIVE. Your remedies under this Agreement shall be cumulative and not alternative.

20. DELAY IN ENFORCEMENT. You can delay enforcing any of your rights under this Agreement without losing them. Any waiver by you of any provision of this Agreement will not be a waiver of the same or any other provision on any other occasion.

21. ASSIGNMENT. may not assign or otherwise transfer my rights and privileges under this Agreement, or delegate my obligations to repay amounts I owe to you. Any attempt to assign or delegate will be void and of no effect. You may assign any and all of your rights under this Agreement at any time without my consent. Any person, company or bank to which you assign this Agreement shall be entitled to all of your rights under this Agreement. None of my rights or obligations shall be affected by such assignment.

22. REPLACEMENT OF PRIOR AGREEMENTS. This Agreement replaces all earlier Agreements and governs all balances on this Account, including balances carried over to this Account from any prior Account, just as if it had been in effect before the first advance from this Account.

23. COMMUNICATIONS CONCERNING DISPUTED DEBTS. ALL COMMUNICATIONS BY ME TO YOU CONCERNING DISPUTED DEBTS, INCLUDING AN INSTRUMENT TENDERED AS FULL SATISFACTION OF THE ACCOUNT, WILL BE SENT TO: Newegg.com Preferred Account, P.O. Box 5018, Timonium, MD 21094.

24. CREDIT INVESTIGATION AND REPORTING. I authorize you to make or have made any credit, employment and investigative inquiries you deem appropriate related to this Account and the collection of amounts owed on this Account. I agree that you have the right to obtain a credit report in connection with your review of my application and periodically, during the term of this Account, as you deem reasonably necessary to maintain and collect this Account. I authorize you to answer any questions about your experience with me related to this Account and to report that experience to credit reporting agencies.

25. NOTICES AND CUSTOMER SERVICE. I agree that any notice or correspondence that you are required by this Agreement or by law to send to me may be sent by regular U.S. mail to the address that I have provided or by e-mail to the e-mail address that I have provided, unless otherwise required by law. I will send all notices, correspondence, inquiries and questions concerning my Account to you at Newegg.com Preferred Account, P.O. Box 2394, Omaha, NE 68103-2394. I may also call you at your customer service telephone number 1-888-609-0794. You may monitor tape or electronically record my telephone calls to your customer service department for any reasonable business purpose. I agree that your customer service department may place telephone calls to me using an automatic dialing and announcing device for any reasonable business purpose.

26. GOVERNING LAW AND CONSTRUCTION. This Agreement has been accepted by you in Delaware, U.S.A., and all loans will be extended by you in Delaware, U.S.A. Regardless of the state of my residence or the place where the Merchant is located, I agree that the provisions of this Agreement relating to interest, charges and fees shall be governed by federal law and construed in accordance with federal law and, as made applicable by federal law, Delaware law. Other terms and provisions shall be governed by and construed in accordance with the law of Delaware, U.S.A., without regard for principals of conflicts of law, except to the extent preempted, superseded, or supplemented by federal law.

27. SEVERABILITY. If any provision of this Agreement is held to be invalid or unenforceable, such determination shall not affect the validity or enforceability of the remaining provisions of this Agreement.

28. BORROWER'S BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE.

This notice is required by federal law. In this notice, "you" and "your" mean the Borrower. "We" and "our" refer to the Lender.

This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.

Notify Us In Case of Errors or Questions About Your Bill.
If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on a separate sheet at Newegg.com Preferred Account, P.O. Box 5018, Timonium, MD 21094. Write us as soon as possible. We must hear from you no later than 60 days after we send you the first bill on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights. In your letter, give us the following information:


Your name and account number.
The dollar amount of the suspected error.
Describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are not sure about.
Your Rights and Our Responsibilities After We Receive Your Written Notice.
We must acknowledge your letter within 30 days, unless we have corrected the error by then.
Within 90 days we must either correct the error or explain why we believe the bill was correct.
After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount you question, including Finance Charges. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your bill that are not in question. If we find that we made a mistake on your bill, you will not have to pay any Finance Charges related to the questioned amount. If we did not make a mistake, you may have to pay Finance Charges, and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due.
If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within ten (10) days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your bill, and we must tell you the name of anyone we reported you to. We must tell anyone we report you to that the matter has been settled between us when it finally is.
If we do not follow these rules, we cannot collect the first $50.00 of the questioned amount, even if your bill is correct.

Special Rule for Credit Card Purchases.
If you have a problem with the quality of property or services that you purchased with a credit card, and you have tried in good faith to correct the problem with the Merchant, you may have the right not to pay the remaining amount due on the property or services. There are two limitations on this right:
(a)You must have made the purchases in your home state or, if not, within 100 miles of your account address; and
(b)The purchase price must have been more than $50.00. These limitations do not apply if we own or operate the Merchant, or if we mailed you the advertisement for the property or services.


PRIVACY POLICY

This Policy explains what Chase Bank USA, N. A., ("Chase") does to keep information about you private and secure. We want you to know how we manage that information to serve you. This Policy covers only your Newegg.com Preferred Account relationship with Chase. Please read this Policy carefully; if you have another customer relationship with Chase, the Policy governing that relationship may be different.

Q. What information do you have about me?
A.To provide services and to help meet your needs, we collect information about you from various sources.

We get information from your requests for our products or services. For example, we get information about you, such as your name, address, phone number, and email address, from Newegg.com (the —Merchant“) when you request to make a purchase using your Newegg.com Preferred Account (the —"Account"), for the first time.
We get information about your transactions with us and with others. For example, we have your account balance information.
We get information, such as your credit history, from credit bureaus.

Q. How do you safeguard information about me?
A. We take a number of steps to protect the privacy of information about you. Here are some examples:

We keep information under physical, electronic and procedural controls that comply with or exceed governmental standards.
We authorize our employees, agents and contractors to get information about you only when they need it to do their work for us.
We require companies working for us to protect information. They agree to use it only to provide the services we ask them to perform for us.

Q. Is information about me shared within your family of companies?
A. Yes, but only certain types of information. We do not share the following types of information within our family of companies:

Information from your applications to be used to determine your eligibility, such as your income.
Information from credit reports, such as your credit history.
Information from sources used to verify information you provide us, such as outstanding loans or employment history.
We may share other types of information within our family. For example, we may share name and address, information about transactions or balances with us, as well as survey results.

Q. Is information about me shared with service providers and financial companies?
A. Yes, as permitted by law. We may share information about you with outside companies that work for us. These may include firms that assist in marketing our products. We may also share information about you with outside financial companies that have joint marketing agreements with us. These arrangements give you the opportunity to receive additional products or services.

Q. Is information about me shared with non-financial companies outside your family of companies?
A. No, unless you specifically authorize us to share information in connection with a particular transaction, product or service.

Q. Is information about me shared in any other ways?
A. Yes. We may also share information about you in other ways, as required or permitted by law. Here are some examples of ways that we share information.

To protect against fraud.
To respond to a subpoena.
To service your account.
With your consent.

Q. How do you tell me about your Policy? A. We give our Policy to you when you open a new account. We also send it to current customers yearly. We may change our Policy. We will send you a new policy if we broaden our information sharing practices about you.

Special Notice for Vermont Residents.
If we disclose information about you to other financial institutions with which we have joint marketing agreements, we will only disclose your name, contact information and information about your transactions. Special Notice for California Residents. In order to comply with California law, the following applies if your account has a California mailing address:

We will not share information about you within, or with financial companies outside, our family of companies unless we first provide you with further privacy choices or unless otherwise permitted by law.

Q. Who is covered by this Policy?
A. This Policy covers the Chase Bank USA, National Association.

Q. Which of my account relationships with Chase are covered by this Policy?
A. Only your Newegg.com Preferred Account relationship with Chase is covered by this Policy.

This Policy applies to our current and former consumer customers. Separate policies may apply to your other relationships with Chase. Separate policies may apply to customers of certain businesses, such as Private Banking or Insurance. In addition, customers in certain states may also receive policies that apply to them. The privacy policies posted on our websites apply when you use those sites. In addition, you can view our online consumer information practices. Please contact us if you see any personal information on our website that you believe is incorrect.
 
Well I just tried it cause I know I can pay it off in less then 2months and I have almost no credit history, but I doubt that they will approve me because of that even though the order has gone through :shrug:
 
UPDATE: Strangest thing, my order has been approved and charged :shrug:

Guess I'm getting new LCD TV SYNTAX LT37HVS 37" HDTV :attn:


BTW...darkside1016 I can't thank you enough for bringing this up cause I have been looking to get a new HDTV for some time now and this is the best deal for me cuse I'll be able to pay it off in less then two months. THANX!!!
 
Yeah isn't Newegg great! Oh and about being 18 and making sure I don't get interest.
I allready sat down personally with my bank (BoA) and showed them how much I will be making weekly, along with spiffs ( average computer deals and services ) and showed them the preferred account paperwork and we called up Chase for questions.
It came out to be about $600 weekly and I only work 4 maybe 5 days a week (~32 hours), plus its SEASON where I live (southwest florida). Last year I made about $2500 over 3 months around this time of year, and I didn't have a job with commission like I do now. :)
I don't know about you but more than $2500 is plenty enough pay off my balance by the end of januarary, even if i buy X1800XT with crossfire card, or wait till R580.
 
RedDragonXXX said:
UPDATE: Strangest thing, my order has been approved and charged :shrug:

Guess I'm getting new LCD TV SYNTAX LT37HVS 37" HDTV :attn:


BTW...darkside1016 I can't thank you enough for bringing this up cause I have been looking to get a new HDTV for some time now and this is the best deal for me cuse I'll be able to pay it off in less then two months. THANX!!!
Click to expand...

I know how you can thank me :) , call up newegg and tell them Kellen Schwan, referred newegg to you, maybe I'll get a discount and I could use the money to buy my mom a present. :santa:
 
darkside1016 said:
I know how you can thank me :) , call up newegg and tell them Kellen Schwan, referred newegg to you, maybe I'll get a discount and I could use the money to buy my mom a present. :santa:
Click to expand...

Sure, I'll give them a call soon as I get off work or E-Mail them!

Man this is so great, looks like I'll be playing my Xbox360 on HDTV after all :drool:
 
Me neither, but you need to start sometimes especially when you live in US where having good credit history is very important especially later on when you decide to buy your own house or anything else in particular.

This is a good place to start at least for me since almost no one else would approve me for this much $ because I have no credit history at all.
 
Yes the same goes for me aswell dragon, which is why I am buying it on credit, I could pay for it myself if I wanted, but this deal is very good, so why not take advantage.
 
So did either of you have trouble getting approved for it? Also do you have to enter alternate paying information? I am also 18 and looking to build some credit. There are some comp parts I would like to order and if this really works out well I might go with it.
 
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