Pay Later with Amazon

Unlike many online stores and retail outlets, Amazon does not have a Buy Now Pay Later flexible credit option for UK customers. However, with a little workaround, you can in fact purchase items from Amazon with nothing to pay for up to 36 months! The (not so) secret, is simply to use Balance Transfer Credit Cards. There are many such cards available in the UK, all of which offer 0% interest on balance transfers for an introductory period, which can range from 3 months to 3 years.

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Pick of the bunch is currently the Barclaycard Platinum 37 Month Balance Transfer Credit Card. This premium card from Barclaycard offers 0% interest on balance transfers for 37 months from account opening. Although there is a pesky 3.5% fee which will be applied to your account, but this is reduced to 2.55% by a refund. You also get 0% interest on all purchases for 6 months from account opening. This means that you can use an existing credit card to purchase items from Amazon, then transfer the balance to get up to 37 months interest free (plus the 2.55% fee) or you can simply use the Barclaycard to purchase your Amazon items and get 6 months interest free. Either way, you can have up to 2 months grace before you have to make any payments (essentially the time it takes for items to appear on your statement plus one month to pay from your statement date).

Amazon has apparently tested various “bill me later” options for customers in the USA, but as yet there seems to be no plans to introduce such a scheme for their UK customers. So unfortunately using credit cards as a workaround is the only viable option. However, this will not be a very helpful option for those who have had credit problems in the past. In fact, it will not really be an option at all. The credit card companies which offer 0% balance transfers do this to attract customers who are already using cards, in other words they do this to steal customers from other credit card companies. They will not be offering such deals to those who cannot get accepted for a credit card due to a poor credit score as this is not their target market!