Malaysia Watch Forum

Main Forums => General Discussion - Modern Watches => Topic started by: phat7 on November 23, 2016, 01:27:45 PM

Title: How do you pay for your watches? Cash or card?
Post by: phat7 on November 23, 2016, 01:27:45 PM
This was the topic of discussion with a couple of my collector friends. I've never paid for any watches with a card. Discuss please.  I don't get the concept of maxing my card limit for the sake of investment.
Title: Re: How do you pay for your watches? Cash or card?
Post by: silic on November 23, 2016, 01:38:03 PM
I think depends on the price of the watch? Just more convenient to pay for a watch that costs 10s of thousands with a card.
Title: Re: How do you pay for your watches? Cash or card?
Post by: dualcarb on November 23, 2016, 02:07:26 PM
I would pay with my card just to collect bonus points. Then go home and pay for my card right away. That way, I don't owe the card and I collect points which I can redeem and I don't have to carry tens of thousands of dollars around with me. The financial institutions are there for you to make use of. Don't let them make use of you...do not pay minimum payment, do not buy something you don't have the cash for. Watches are a hobby, not an investment...
Title: Re: How do you pay for your watches? Cash or card?
Post by: Caseywai on November 23, 2016, 02:30:58 PM
Why would you not pay with your credit card if given option? I would!


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Title: Re: How do you pay for your watches? Cash or card?
Post by: yehlai on November 23, 2016, 06:54:01 PM
Any additional charge?
Title: Re: How do you pay for your watches? Cash or card?
Post by: meoramri on November 23, 2016, 07:20:03 PM
No additional charges. Even ADs don't mark up as they realised the convenience of card transaction (minimise cash management and theft risk)


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Title: Re: How do you pay for your watches? Cash or card?
Post by: Jedirat on November 24, 2016, 02:00:52 PM
I have always paid by credit card and had not experience any additional charges by AD ever. I always used the Islamic card as the card offers cash rebates which considered an instance cash discount.

While notice that grey watch shop did impose sur-charge on the watches that they are selling if you choose to pay by credit card, I will never pay for the watch by credit card in the circumstance.
Title: Re: How do you pay for your watches? Cash or card?
Post by: kbng on November 24, 2016, 05:28:14 PM
If no extra charge, I will pay with my card to collect point.
Title: Re: How do you pay for your watches? Cash or card?
Post by: Him Who Watches on November 28, 2016, 09:29:04 AM
I would pay with my card just to collect bonus points. Then go home and pay for my card right away. That way, I don't owe the card and I collect points which I can redeem and I don't have to carry tens of thousands of dollars around with me. The financial institutions are there for you to make use of. Don't let them make use of you...do not pay minimum payment, do not buy something you don't have the cash for. Watches are a hobby, not an investment...

This is what i do ... Using the card for convenience, not for the debt/OD facility.
Title: Re: How do you pay for your watches? Cash or card?
Post by: munyew90 on November 28, 2016, 12:07:58 PM
Personally think that more convenient to pay with card, don't feel comfortable carrying large amount of cash to shop.
Title: Re: How do you pay for your watches? Cash or card?
Post by: @tsw@ on November 28, 2016, 04:36:03 PM
Normally will negotiate the final price at AD, if amount is more then credit card limit. Will bank in the deficit to credit card account before going back to AD a 2nd time to finalize purchase through credit card.
Title: Re: How do you pay for your watches? Cash or card?
Post by: weibbb12 on November 28, 2016, 05:45:40 PM
I'll pay by credit card to earn bonus point or cash rebate, after all by end of the day the credit card statement will be settled by cash too.
Title: Re: How do you pay for your watches? Cash or card?
Post by: Yikkie on November 28, 2016, 06:39:10 PM
Unless the AD charges extra with CC... I see no reason why one would not use the facility. It will be silly not to actually.  Don't see why there should be a discussion about this...unless you are the type that likes to carry bags of cash to show how minted you are...then I have nothing to say.
Title: Re: How do you pay for your watches? Cash or card?
Post by: zjchen on November 29, 2016, 03:12:49 PM
I will pay by credit card and then ask for 0% 12 month instalment!


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Title: Re: How do you pay for your watches? Cash or card?
Post by: Timeless on December 12, 2016, 07:01:04 AM
card or instant online transfer, eliminate the unnecessary risk for carrying a huge amount cash
Title: Re: How do you pay for your watches? Cash or card?
Post by: Danielo on July 27, 2017, 08:28:23 AM
Does AD's still practice an additional discount for cash purchases?

Basically they pass the savings from the CR card companies to you.
Title: Re: How do you pay for your watches? Cash or card?
Post by: meoramri on July 27, 2017, 09:30:44 AM
Does AD's still practice an additional discount for cash purchases?

Basically they pass the savings from the CR card companies to you.

The ADs in town that I know don't do that anymore. They encourage cashless as this reduces their cash management requirements (security, insurance etc). I suppose the smaller/independent shops may offer that additional discount.


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Title: Re: How do you pay for your watches? Cash or card?
Post by: mongourou on July 27, 2017, 10:05:32 AM
Does AD's still practice an additional discount for cash purchases?

Basically they pass the savings from the CR card companies to you.

The ADs in town that I know don't do that anymore. They encourage cashless as this reduces their cash management requirements (security, insurance etc). I suppose the smaller/independent shops may offer that additional discount.


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As you said. I was offered additional 5% at a small AD if I was paying cash.



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Title: Re: How do you pay for your watches? Cash or card?
Post by: Vykraine on July 27, 2017, 10:08:11 AM
I would pay with my card just to collect bonus points. Then go home and pay for my card right away. That way, I don't owe the card and I collect points which I can redeem and I don't have to carry tens of thousands of dollars around with me. The financial institutions are there for you to make use of. Don't let them make use of you...do not pay minimum payment, do not buy something you don't have the cash for. Watches are a hobby, not an investment...

very much agree. make sure you have enough cash then use the card to enjoy the benefit then pay it off immediately and not swipe first then think later. Further more i think some banks even offer to have 12 months 0% that will ease the burden a little bit.
Title: Re: How do you pay for your watches? Cash or card?
Post by: dennis.T on July 27, 2017, 03:00:03 PM
This was the topic of discussion with a couple of my collector friends. I've never paid for any watches with a card. Discuss please.  I don't get the concept of maxing my card limit for the sake of investment.
that is very wrong mindset. watches are never an investment unless you are collecting the limited edt watches from big boy ie Patek's Nautilus anniversary model. :o

Better invest in share market or any other channel get better return then watches if you looking to invest. ::)
Title: Re: How do you pay for your watches? Cash or card?
Post by: Nkssupreme on July 27, 2017, 08:09:02 PM
Pay card to earn points if there is no surcharge.
Title: Re: How do you pay for your watches? Cash or card?
Post by: yehlai on July 27, 2017, 08:45:14 PM
Use cc difficult to nego good price
Title: Re: How do you pay for your watches? Cash or card?
Post by: whomstdve on July 30, 2017, 07:20:09 PM
If there's a possibility to use card, then it would be the best way. These days most merchants are going cashless, because carrying a bulk of cash anywhere requires more work and of course risky.

Even for transactions between individuals I would opt for online transaction upon COD.

But if your question is about paying by credit card then go for monthly installments, I wouldn't suggest that. Watch shouldn't be a liability.
Title: Re: How do you pay for your watches? Cash or card?
Post by: psychokandy on July 30, 2017, 08:32:16 PM
i think its pretty inconvenience to bring so much cash to shop. Afterall you also need to pay pack your credit card when the statements come
Title: Re: How do you pay for your watches? Cash or card?
Post by: Zop on July 31, 2017, 07:54:09 AM
My practice would be deal at online instant transfer. Safer and convenient. CC could be a burden if you not well manage your financial


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Title: Re: How do you pay for your watches? Cash or card?
Post by: TheWatchCollector on August 04, 2017, 09:00:22 PM
I have always found the final price is always lower if you pay cash. Even if you exclude the cc surcharge a lot of places will make you pay, if you are a good negotiator, you will always be able to get a lower final price with cash.
Title: Re: How do you pay for your watches? Cash or card?
Post by: D'Andy on August 05, 2017, 08:57:54 AM
I have always found that in Malaysia, paying by cash gets me that extra bit of discount, although boutiques and ADs are getting more and more on the radar these days so they tend to give the additional discount only to repeated customers whom they had a sales-purchase relationship with.

Recently, I returned to UK for a fortnight and having time to kill, of course I would lurk to watch establishments while my better half go on her fashion hunt. I was looking for a 116613LB and an AD brought a piece (reserved for another customer but he has yet to collect it) out from the vault. All brand new with stickers and boxed, unmolested. I have always been a card user in UK, and I could count with my fingers if I was asked to pay by cash instead during my years of staying there. Yet there I was, after we have agreed on the final price, the SM casually asked if I could pay by cash (no Sir, I don't walk around with £9k in my wallet) and his SA could direct me to the nearest cash machine; which if I was willing to go through the hassle, he could give me an additional price assistance. To cut a long story short, I had to return the next day with the cash but the good thing was they were willing to help me process the VAT refund in advance and I bagged myself a great bargain.

For those travelling to UK anytime soon, look out for bargains there. The SM said that they were expecting a price revision soon, and I did noted quite a no. of customers (Chinese and UAE citizens mainly) buying Rolexes as if they were just picking up Seikos in basement stores  :o
Title: Re: How do you pay for your watches? Cash or card?
Post by: Jaymie360 on August 15, 2017, 07:49:37 AM
Paying cash as my credit card limit is too little  :)
Title: Re: How do you pay for your watches? Cash or card?
Post by: phat7 on August 15, 2017, 08:39:31 AM
I've always paid in cash. Room for negotiation. Some AD's (gardens) have even told me no difference if cash or card but when it comes to the crunch I get a better price.
Title: Re: How do you pay for your watches? Cash or card?
Post by: rururuss on August 18, 2017, 12:42:08 PM
Paying cash as my credit card limit is too little  :)

Haha same here. But I do admit that lugging around a large sum of cash does feel a bit scary when going to make a purchase.
Title: Re: How do you pay for your watches? Cash or card?
Post by: Jaymie360 on August 18, 2017, 12:47:58 PM
Paying cash as my credit card limit is too little  :)

Haha same here. But I do admit that lugging around a large sum of cash does feel a bit scary when going to make a purchase.
Agreed

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Title: Re: How do you pay for your watches? Cash or card?
Post by: Danielo on August 18, 2017, 12:48:29 PM
Also being there counting the cash on the glass cabinet feels like a twat.

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Title: Re: How do you pay for your watches? Cash or card?
Post by: rururuss on August 18, 2017, 12:50:08 PM
That awkward silence when the salesperson is counting your cash when you make payment (and it's all RM50 bills)  :laugh:
Title: Re: How do you pay for your watches? Cash or card?
Post by: Jaymie360 on August 20, 2017, 05:17:14 AM
Will do that again soon.

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