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New B&H Offer: Pay no sales tax through reimbursement w/ Payboo card
Posted By: Adam, 05-06-2019, 07:58 PM

B&H has just launched a new shopping credit card designed to save you the sales tax in all purchases made at B&H!

"Now, with the B&H Payboo Card, save the equivalent to the sales tax you pay on every purchase shipped to eligible states."

Full details and terms and conditions can be found here: B&H Payboo Credit Card Save the Tax | B&H Credit Card

I've done a bit of digging through the fine print and have found that the card will reimburse the full sales tax if you ship to the following states:

  • California
  • Connecticut
  • Hawaii
  • Illinois
  • Kentucky
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Nevada
  • New Jersey
  • New York
  • North Carolina
  • Oklahoma
  • South Carolina
  • South Dakota
  • Utah
  • Washington
  • Wisconsin
The card instead gives a ~6% reward in the following states/territories (percentage may vary by state, see terms):
  • Alabama
  • DC
  • Indiana
  • Iowa
  • Nebraska
  • North Dakota
  • Vermont
  • West Virginia
  • Wyoming
Remaining states/territories don't currently mandate the collection of sales tax by B&H, and will therefore receive no reward (this is subject to change if laws change):
  • Alaska
  • Arizona
  • Arkansas
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Kansas
  • Louisiana
  • Massachusetts
  • Montana
  • Missouri
  • New Hampshire
  • New Mexico
  • Ohio
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • Tennessee
  • Texas
  • Virginia
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Note that this is a credit card and it has a high 29.99% APR rate, but you can get approved instantly and use the card online if you want to take advantage of it for the sales-tax-equivalent savings.

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05-09-2019, 03:01 AM   #31
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QuoteOriginally posted by reh321 Quote
Until somebody gets the card and reads the fine print, we won't know whose money is supporting this thing. The Amazon "store card" is actually issued by Synchrony Bank. The Amazon "credit card" is actually issued by Chase Bank. The actual issuer is who receives the minimum $2 interest charge.
I'm pretty sure it is the same as with any Credit Card with points/rewards, that is to say credit cards make their money off of the interest when people leave balances on them. The interest rates in general are far higher than nearly anything else in the marketplace, probably only exceeded by those payday loan places.

05-09-2019, 06:39 AM   #32
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QuoteOriginally posted by Rondec Quote
I'm pretty sure it is the same as with any Credit Card with points/rewards, that is to say credit cards make their money off of the interest when people leave balances on them. The interest rates in general are far higher than nearly anything else in the marketplace, probably only exceeded by those payday loan places.
I gain cash from the Discover Card I've had since 1986 - I have no idea what their interest rate structure is, nor what any other rate is, because I don't pay it.
05-09-2019, 06:45 AM   #33
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Indiana sales tax is 7%. I checked a couple of the other states on the 6% list - Vermont and West Virginia. Each of them has a 6% state tax, and then allows localities to add a little more to the percentage.
05-09-2019, 07:21 AM   #34
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QuoteOriginally posted by reh321 Quote
I gain cash from the Discover Card I've had since 1986 - I have no idea what their interest rate structure is, nor what any other rate is, because I don't pay it.
14 to 25 percent variable rate. Fine that you don't pay it, but it is those who do who are financing the rewards for those who don't (that and charges to vendors who accept their credit cards).

05-09-2019, 07:26 AM   #35
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The "dirty" secret about rewards credit cards is the CC companies charge the merchants higher percentages and/or transaction/swipe fees than non-rewards cards. The merchants pass that off to customers. If you are paying by cash or check you may be paying for these extra fees/charges even though your transaction doesn't involve them. Some of the better stores offer a "discount" if you pay in cash or check.
05-12-2019, 07:05 PM   #36
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There is something about 30 percent interest that say this is loan sharking. I always pay with cash or debit I do not have or want a credit card so what good is this to me
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