I would not recommend anyone getting one of these cards!
The interest is disgusting! Its fine to think buy now pay later, 6, 12 months etc but can anyone really now what could happen in that time. If you are in a position where you can't pay the full amount, you are going to be stung by Argos for a very very long time!
I have just 2 things on my account one that was buy now pay 6 months later and a smaller item that I put on to my card last week, which i have received a bill for today! I was a little confused as that item was due to be paid 59 days later! I gave them a call to ask why I had received a bill so early, thinking I had nearly 2 months to pay the £90 but was told that, that only applied to my first order!!! Very crafty indeed! I did say that to the woman on the phone but the response was very much, tough luck and "anything else i can shaft you on today madam"
So my advice is be very careful before you decide to get one of these cards. I know i wish i hadn't bothered! Will be paying my balance off asap and closing my account! (Thats if i can, after reading some of the other reviews, seems like they try to keep hold of you as long as they can!)
my friend let me use her argos card two years ago for christmas i spent six hundred i pay her sixty pound a month i have been paying now for eighteen months and still no sign of it ending do you think thats right or am i paying to much i dont understand how it works so any information on it i would be grateful.i think i am getting charged to much
I have always been able to pay any balance off before interest became due on a buy now pay later basis with Argos.. However, this time, I had found that hard. I was staggered just how they managed the interest etc., on my account. Firstly, they added two buy now pay later plans together despite the fact the second one was not due to be paid for anohter 3 months, and then they charged an extortionate amount of interest. This month I paid over the minimum payment, but my statement arrived today showing my interest charged was £15 more than the payment I had made last month. Therefore, my balance will just keep going up. Today, I balance transferred and paid the whole thing off, and will never use them again. DEFINITELY ONLY GOOD IF YOU CAN PAY OFF BEFORE INTEREST KICKS IN..
I have had a store card for a few years now. When I moved out of home I managed to furnish most of my house using my card, because I couldn't afford to buy all the furniture all outright I put it on my card and just had to pay after 10months. That's one of the good things about Argos cards you can do buy now pay later, there are different term times you need to pay it back in i.e. 10months, 6months etc.
There is a negative side to the card though as in the end you end up sticking loads of things on your card that you can't actually afford i.e. with us we brought a plasma TV. Now the buy now has finished this month we need to pay Argos 190 pound in interest alone as we haven't made any other payments through the 10months we had to pay it. That's one thing I would say the interest on this card is high.
The Argos card is so easy to use all you do is when you're buying something you take your card to the counter with you when you pay then they swipe it or key in your card number then they tell you the different buy now options they have. Then every month they send you a statement with what you owe and the minimum payment you need to make. Also now you have the option of shopping with your card in home base as they have teamed up with Argos so your card can be used in either store.
The Argos Card......
The Argos Card is a store card where you can purchase items from that store on a buy now pay later type scheme. The scheme ranges from your small purchases where you can have over a months grace to pay off the item or the larger amounts where you can have 3 months, 6 months, 9 months or even a 12-month interest free period on the purchase price.
The main reason I when ahead and applied for this card was that we were just moving into our new flat and wanted to buy a large sofa from Argos and agreed we would be better putting the sofa on this card and paying for it in 9 months when are finances were a little better. Because it would cost us nothing to use the card as long as we paid the amount in full buy the time the agreement is up we decided this was the better option all round.
Getting the card was simple and after applying in store I received my new card within a few weeks. The sofa arrived and every month I would get a statement telling me that the money was still outstanding and if I wished I could pay some off but still the credit plan was due to end in however many months. A few weeks before the 9-month interest free period was up I received a different kind of letter, which did not look like a statement but it was informing me that my interest free period was coming to an end and needed to be paid, with this was enclosed a payment form.
Everything was smooth and simple with this transaction I paid it on time and that was that I had 9 months of no interest and in that time I had easily put by a little each month to ensure I had enough to pay off the full amount when it was due. Easy.
I have used the card quite a lot since am working it so that each month I do buy something large for the flat or other items giving me a good interest free credit plan I have enough from my wages left to pay.
I have up until a few months back been paying via cheque and this method was perhaps the safest way because a few months back I tried to pay via Internet banking. This, at the time, I believed had gone smoothly as I followed all the instructions printed on the back of the previous Argos Card statement. However once my monthly statement came in it appeared that I had not paid off a particular Interest free payment plan I had merely paid an amount of the existing balance. Therefore, it appeared that I had defaulted my interest free period payment option.
After a rather quick phone call to the Argos Card Customer Services, this was soon solved. The lady on the other end was very helpful and to be honest it sounded like this happens all the time. She was able to change the payment from paying off the total balance to pay off the outstanding amount for the credit plan. She informed me that now this had been done once it would not be able to do it for a second time, but I thought now I know that I cant pay the credit plans this was I wont be doing it again. The deal is if you want to pay off a particular credit plan their computer that end needs to know about it and therefore the credit plan number needs to be typed in so doing it via internet banking there is no one that is typing this in. All direct payments from your bank will need to be processed by an Argos representative consequently it is them that I should of phoned to take the debit card payment.
However now I know this, I think in future I shall just stick to sending a cheque that is the easiest way and I was doing it before.
So all in all my dealings with the Argos Card and the Argos Card Customer Services have been very positive. I have not incurred any interest on the items that I have purchased and I do think that if the card is used right then it can come in very handy. Because of the high interest rate however I would strongly advise against getting one purely to use like a credit card in the Argos tore unless you use it wisely its just not worth it.
Mine is used wisely and I will continue to do so for a while to come and I will be happy to use it too. 10/10 for the Argos card, as I really can be a little gem if you work it well.
I've had a card for a few years now, only ever use it for the 6 months interest free. Only ever use the card once or twice a year and I've never had a problem with them, but I've always cleared my balance when due. Would I use the card if I knew I couldn't clear the balance, NEVER. Nearly 30% apr robbery!!!!
Please beware of this card, Argos often tempt you to get one of thiese by frequently offering incentives like spend so much and pay 12 months later, which in itself is a good deal but if you end up not repaying the full sum by this time and just make the minimum payments on the card you will find that the interest charged almost equates to the minimum payment.
The Interest rate on the Argos card is about 30% so you would be better just using a credit card if you can't afford to buy something out right straight away.
Argos do do good deals as I have mentioned in the spend so much and pay in 6 months time, but I would suggest that if you do get one of these cards that you use it primarily for this reason and not for normal Argos purchases otherwise you could end up with a debt that will take you years to pay off
I've had an argos card since they first bought them out around 8 years ago, as I found having a store card to Argos was very useful, you never know what you might need and if you haven't got the cash for what you need then it could end up being a problem. Having an Argos card give you the ability to purchase more or less anything that you may need to replace in an emergency and is relatively cost effective too.
When enrolling for an Argos card, you go through the normal credit procedure to ensure that you are eligible to have a card, depending on your credit history and also to set your credit limit on your card. Initially I was given a ridiculous limit which is what credit card companies do to try and get your into debt as they benefit from the interest that they receive when you only pay the minimum payment. I had my account capped at £1000, which enables you to spend safely and not overdo it too much.
Argos, as with other credit card companies actually give you the option of what design you would like on your creditr card, not that this matters at all because it sits in your purse or wallet and does it really matter what it looks like at the end of the day. However they give you three options to choose from as your design on the card.
The Argos card offers many benefits, I feel more so than other card companies, you regularly receive newsletters with your statements with money off vouchers when you £50, it goes on normal credit in which you have 30 days to pay before you start to get charged interest on the purchase. However if you spend over certain amounts, you can obtain up to 3 months and 6 months interest free credit, and they always make you aware when this period is about to expire so that you can pay it off if you want to and avoid any interest being charged.
Statements are forwarded on a monthly basis that detail your account number, credit limit, details on any recent purchases that you have made, details of normal credit and also details of what you have on 3 month or 6 month terms, minimum payment and account balance.
There are various options of how to pay your account. The easiest option is to pay by direct debit, in which they will take your minimum payment every month or a particular sum of money that you request to be debited. You can pay via online banking with your own bank or by giro at their particular bank and ost office without being charged.
I find the Argos card extremely useful when you are in need of something pretty quick. I only use it in emergencies and don't take advantage of it too much. It comes in use around Christmas when people may have a lot of expenditure and you just want a little longer to pay off what you spend over Christmas. Its one of the better options if you feel you need a card to help you out.
Payment Protection is available which is £1.30 for every £100 that you spend, this covers you if you become unemployed or sick and are unable to pay the amounts that are due. I don't actually have payment protection on mine, however if you are a bit uncertain its always good to take it out.
Extremely useful card with great benefits.
I have had the Argos Store Card for almost a year now. The good thing about Argos is they have almost everything you can need in their store. This card offers you 3 or 6 months payment holiday (depending the value of your purchase). However there is a 24.99% APR, so it will be better to put it on a credit card instead, as interest is still charged during the payment holiday!
Customer service for the card is really bad. You have to wait for a long time before someone answer your call. There seem to be no benifits to use the card anymore these days as they had removed the points reward. They used to send books of discounts out last year, but they don't do it anymore. So there is even lesser reasons to use the card.
A couple of months ago I was in Argos and they said If I signed up for their card I'd get 10% of what I was buying. I normally can't bothered with these things but as I was buying a TV and I'd save a tenner (It was a bargain of a purchase) it was worth filling in the form, much to the rest of the ques frustration. Anyway I filled it in, got my money off, chose a nice design with a plastic duck on it, and went off to watch my new telly. Turns out I was rejected for the card (at the time I'd never had a credit card and had moved house twice in 6 months). Still I wasn't too bothered as I hadn't planned to use it and I'd got my discount. The intrest rates are a bit of a joke on these beauties, and you don't want to be paying them off too long.
I first took out an Argos card a few years back as a bit of an emergency measure really. My mobile phone had broken and, yes it was that time of the month, a week before payday. Being the impatient person I am I wanted a new one, and I wanted it now! So after having a look through what at the time was quite a thin Argos catalogue, not like todays one, I saw the details of their Argos card. So I figured that this would be a good idea.
After picking the phone I wanted, I cant remember which one now; I went to the cash desk to apply for the card. The application process was a very simple one which involved me and the cashier filling out an application form to begin with. After we had entered all of the details he then had to make a phone call to the finance company and my application was accepted.
Because the member of staff was given the card number straight away over the phone I was able to use that card number to make an immediate purchase using that card. So I did, and bought my new mobile. Since then the application process has been improved and you can now apply either in store, by calling 0870-010-2103 or visiting www.argos.co.uk and clicking the Argos Card link at the very bottom of the page.
The card itself arrived within about 10 days which is pretty average for these sorts of things. Anyway I had already made my purchase. When you apply for the card you get the choice of 3 different card designs, one bright yellow with a duck on it, the second with a picture of to dolphins diving, and the third card is a boring plain blue card. Just to be different from other cards in my wallet I decided to go with the duck!
One of the worst things about ever taking out a store card is that you can pretty much guarantee that the Apr is always some ridiculous figure. The Argos card is no different, they currently charge 25.9%, which as far as these sort of cards go is not really too bad. Especially when you consider some other store cards such as; House Of Fraser 29.3%, Topshop 28%.
Other benefits of the Argos cards are that they are nearly always offering additional Buy Now Pay Later offers. However as part of their current deals available you get two options of paying later. The first involves you paying nothing for 6 months, to qualify for this you have to spend £195 or more in an Argos store or via their website. To qualify for pay nothing for 12 months, you have to be buying a selected item which is marked specifically so in their catalogue or website. However be prepared that unless you settle the balance at the end of these periods then you will pay the standard interest rate. On top of this they also offer Interest Free Credit, this is only available on selected items, again these are clearly marked in the catalogue.
If you do decide to apply for the one of these cards then during the application process you will be asked a question relating to promotional offers. If you answer yes to receiving these offers then enclosed with your statement and sent to you separately will be special offers. These offers come exclusively to Argos Card holders and some of them are well worth having, an example maybe that you receive a certain discount for spending over so much on your Argos Card during a certain period.
For those of you that have previously read my review on the Nectar card will know that BP stopped offering the reward points that you were able to spend in Argos. However Argos still offers these points. Although there are some restrictions on the products on which you can earn these points. Previously before BP stopped offering these points you could only spend in Argos, but they now have taken over this facility from BP and offer 5 points for every pound spent. Although I will say that at one point I thought I was not earning points. So after sending an email to their customer services they told me the points are only added to your account when you have cleared the payment of off the card that you earned them on. This process can become a bit complicated, and as I have yet to find anywhere in the leaflet that it explains this.
When it comes to paying the bill you receive a statement through the posts once a month as you do with other credit and store cards. With the Argos Card you are required to pay £2 or a minimum of 3% of the balance depending on which is the greater. To pay the bill you can do this in various ways. Firstly you can send a cheque to them through the post, take it into a bank to pay, do it via telephone banking or as I do pay it via online banking. This involves me searching for Argos Card in the list of store cards on my banks website and entering my card number. Once this is done the details are saved and then I can choose the amount I want to pay when I pay it every time without having to re-enter the card details. The advantage being there is no waiting for the post to get there.
Overall this is not a bad card, as far as store cards go. For me the best bit is the Pay Nothing options which I tend to make the most of when purchasing things such as appliances etc. I then get 6 months to pay for it without paying a bit of interest. So if you are looking for a store card or to buy something which you would like a bit of time to pay for then give this card a look at least.
For more information on this card you can visit www.argos.co.uk, call 0870-010-2103 or visit a store.
Ive had an Argos card for ages now. The interest rate is high, but the 6 months interest free periods are handy with large purchases. Always keep an eye on what interest youre paying though. It does do premier points, but then credit cards have cash back and also 0% interest deals.
The reason Im writing this review though is I too am having a nightmare trying to close my Argos account. I paid off the full balance owed, and wrote to them asking to close the account. The letter was not acknowledged. I then checked my bank account and realised an amount of money equal to my minimum repayment had gone out of my account. But Id already paid the balance in full over the phone, so why did they take any more money off me? I got told itd be refunded to my debit card. A couple of weeks went past, and no refund. Then I phoned again and they said they couldnt issue the refund until the payment had been in their hands for 14 days. This is a payment they legally had no right to, by the way! She was really cagey about why they needed it for 14 days. No doubt to make some interest on it? So, they took my debit card details AGAIN. And said theyd refund my card. She was VERY hazy about when this would be. And finally said it should be fairly instant-ish. And she also said that I couldnt close my account until my next statement is issued, which will be in October, two MONTHS after I originally asked for the account to be closed. And guess what, its a later and the payment hasnt been refunded.
Isnt it interesting that they charge you interest when you dont pay up on time, yet we cant do the same?
I can see myself writing another few letters and making a few more phone calls, which will probably end up costing me the same as the minimum repayment they owe me
So REALLY bad, verging on non-existent customer service when you want to close your account, and its scary that Im not the only one its happened to (see one of the other reviews).
I have read a few other reviews on this card, some pointing out the dangers of store-card borrowing. I totally agree that it's not always the best way to borrow. With a higher interest rate than many credit cards, this can be an expensive way to borrow. However, the interest rates involved are clearly marked on the the credit agreement you sign when you take out your card. You should always keep check of your balance and the relevant rates. Now for my Argos card rundown... Why? I took out my Argos card about 10 months ago when they had Dyson vacuum cleaners on offer. I was looking to spend about £200 and was tempted to take out the Argos card because of the 6 months interest free credit. The offer was that if you spent £195 or more then you received the free credit. I was able to spread my hoover payments to manageable chunks of £33-34 per month with no interest charges and I got a £15 voucher to spend as soon as I bought the vacuum. How? 1. Any till operator can help you apply for a card and it only takes about 10 minutes. The assistant takes you through a 1-sided form with simple details about name, address, employment status and your bank details. You choose from 3 styles of card (plain, ducky or one with dolphins) and say whether you want to pay by direct debit or monthly statement. I would suggest receiving statements because otherwise they'll just take the minimum payment of 5% of any outstanding balance (meaning you may incur unecessary interest.) To manage your own account properly I always advise getting a statement so that you check why they've charged you and to ensure they've received previous payments. 2. You can pay for things as soon as you take out your card, i.e. I said I wanted to buy the Dyson but rather than pay for it I put it straight on the Argos account. I received the card through the post about 2 weeks later. Offers 1. As well as the interest free periods (t
here's a range advertised in the Argos catalogue and in-store leaflets) I've benefitted from the following offers from my Argos card:- + A £5 off £50 voucher as soon as I received my card. + £5 off £50, £3 off £30 vouchers. + Reductions off my purchases because of earning Premier Points on my Argos purchases. 2. I've also had other offer leaflets, such as discounts at Homebase and reductions on RAC membership although I've not taken these offers up. These offers come with my monthly statements and I've used quite a lot of them considering I've not had the card too long. 3. As an example, two weeks ago I put two offers together (voucher and Premier points) and bought a £40 item for £27.00. Interest payments/charges/problems? 1. I am always wary of taking up interest free credit, mainly because I worry that I'll forget when the 6 mo nths are up and end up being charges. However, about a month before my interest free ended, I received a letter from Argos letting me know exactly how much I needed to pay by the final date shown on the letter. This enabled me to take full advantage of the interest free offer. 2. The only problem I've had is that where I was taking advantage of two offers simultaneously, my statement didn't show that I was on an interest free plan and my statement therefore showed interest charges. I simply rang up Argos Card Services and told them and the interest was deducted immediately. This is why it's important to keep track of payments and offers taken up. All in all I really like my Argos card. It's very useful when buying expensive items for the house but as I said at the beginning, you should always be careful of the interest rates and remember, it's not free money, so....happy sensible shopping!
After recently being almost pressganged into applying for an Argos store card on a recent visit to one of their stores,I decided to apply for one.However despite being in well paid employment,not having any major credit outgoings such as a mortgage etc and recently being granted credit elsewhere my application was "deferred" in front of a large queue of people which made me feel like a crook as they were all looking. The staff were very uninterested in their work in the first place and seemed to be robotically trying to get people to sign up for a card.after this however they were even more disinterested and off hand and I walked out. I had planned to spend about £800 on several electrical items for a new place and I had the cash in my pocket which incidentally remained there.I did not intend to apply for a credit card when I went in and did not really want one.My trouble is I am too polite. As a result of their arrogance and condescending attitude they not only lost a substantial sale but alienated a customer of many years.Their service in general has deteriorated dramatically of late and they have hardly ever got sufficient stock. corporate arrogance has been the downfall of many organisations over recent years,"YOU" are not exemt Argos,I watch and wait,what goes around comes around.
I started an argos account nearly 3 years ago taking advantage of their 6month interest free plan, which I intended to pay off in good time, of course it doesn't always work out that way and argos considering their APR is 26% are a bit criminal in deffering those first 6 months of interest so at your 7th month statement are presented with a massive interest payment, my own bank credit card HSBC would not transfer from argos either. I know this is the way of storecards and I'm currently closing all mine down because for the interest rate they offer it's now a ludicrous manner of buying goods. P.S Good if you definately will pay it off before the interest free period ends. Good to help you build your credit record up.