I am trying to purchase a laptop and the website offers paypal credit financing. On the main page under "Easy Payments" it lists: - 12 months, $300 minimum, 0.00% interest - 18 months, $450 minimum, 0.00% interest - 24 months, $600 minimum, 0.00% interest - 36 months, $900 minimum, 0.00% interest This has me believing that if I want to spread my payments out over 2 years, I won't pay any interest as long as I pay it off by then and my original purchase is over $600. And when I go in to "apply for credit" it breaks it down further into these options: - $126.75/mo. for 12 months, 0% APR - $84.50/mo. for 18 months, 0% APR - $63.37/mo. for 24 months, 0% APR - $42.25/mo. for 36 months, 0% APR - No Interest if paid in full in 6 months with minimum monthly payments But when I continue further with my application I read "Purchases of $99+: No Interest if paid in full in 6 months on purchases of $99 or more" with "Variable Purchase APR is 25.49%". That's really high. I'm also confused about what I'm signing up for. Am I just being duped into what I think is interest free for 2 years only to be charged with full interest after 6 months? Or is that referring to their general lending policy and I'm fine? The way it's laid out and set up is a bit confusing. Anyone else running into this issue?
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