Malaysia Watch Forum
Main Forums => General Discussion - Modern Watches => Topic started by: phat7 on November 23, 2016, 01:27:45 PM
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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.
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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.
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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...
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Why would you not pay with your credit card if given option? I would!
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Any additional charge?
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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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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.
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If no extra charge, I will pay with my card to collect point.
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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.
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Personally think that more convenient to pay with card, don't feel comfortable carrying large amount of cash to shop.
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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.
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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.
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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.
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I will pay by credit card and then ask for 0% 12 month instalment!
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card or instant online transfer, eliminate the unnecessary risk for carrying a huge amount cash
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Does AD's still practice an additional discount for cash purchases?
Basically they pass the savings from the CR card companies to you.
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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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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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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.
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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. ::)
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Pay card to earn points if there is no surcharge.
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Use cc difficult to nego good price
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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.
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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
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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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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.
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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
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Paying cash as my credit card limit is too little :)
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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.
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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.
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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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Also being there counting the cash on the glass cabinet feels like a twat.
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That awkward silence when the salesperson is counting your cash when you make payment (and it's all RM50 bills) :laugh:
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Will do that again soon.

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