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Buy Computer On Credit [Extra Quality]

The cost of a personal computer is generally a personal expense that's not deductible. However, you may be able to claim an American opportunity tax credit for the amount paid to buy a computer if you need a computer to attend your university. For more information, refer to Publication 970, Tax Benefits for Education and Qualified Education Expenses.

buy computer on credit


Once you get pre-approved all you do is add your new computer, laptop or accessories to cart and check out. It's as easy as that. If you have any questions or concerns about what system is best for you, Contact Us.

Our financing partner PayTomorrow can help get you the computer, laptop or accessories you need. You can apply for pre-approval or just add the computer, laptop or accessories you want to the cart, then click the PayTomorrow checkout option.

Computer purchases are a large cost to take on. You can spend anywhere from $300-$5,000 depending on your preferences and needs. The average life of a computer is anywhere between 3-5 years, so these big purchases will happen a bit more frequently than we would like.

While a new computer can be a sting in your wallet, these purchases are a great opportunity to earn valuable points or miles and utilize purchase protection, extended warranty and other features offered by top travel rewards credit cards. Here are a few things to consider before your next computer purchase.

Once you find the perfect computer for you, be sure to search for it across multiple vendors, as you may find a variance in price. You can also use a price-protection service like Citi Price Rewind to match a lower price if one becomes available. Also, each retailer could have a difference in the number of units in stock.

As an example, let's say I purchase a $1,500 Dell computer with this card. I can stack the $150 savings from the Amex Offer with the eBates portal's offer of 8% cash back ($120). That is already a combined $270 in savings off the bat. Next, purchasing from will likely code as a business expense, earning me 6 Hilton points per dollar. This will net me 9,000 Hilton Honors points, worth $54 based on TPG's latest valuations. This is just an estimation, as this doesn't include possible taxes and shipping.

The "right" credit card will be the one that offers you what you value most: the highest return on your spending, purchase protection and/or extended warranty to keep your computer covered or the opportunity to meet a minimum spending requirement and lock in a sign-up bonus.

Lastly, be sure to look into the bonus categories for your spend. Many cards offer bonus categories for the vendors I mentioned above. Whether you're buying your computer from an office store, warehouse store or large retailer like Walmart, there's potential to earn extra points.

A large purchase like a new computer can be help you reach a minimum spending requirement for a credit card sign-up bonus. So if you've just opened a new card, consider using it to pay for your new tech. And if you're looking for a good travel rewards card, check out our recommendations.

If you are an educator using your computer for school purposes, take an itemized deduction for this expense. The IRS allows you to deduct a certain amount of unreimbursed educational expenses that can include computer equipment and software.

The Amex Business Gold card offers earnings of 4x points per dollar spent on your 2 highest purchase categories each statement period. Those purchase categories include computer hardware, software, and cloud solutions purchased via U.S. merchants. There is a maximum of $150,000 in combined 4x earning purchases each calendar year.

Earn 4% cash-back on up to $7,000 each calendar quarter in 1 of 10 bonus categories. These categories include retailers where you could purchase computer hardware or software, including office supply stores and electronic, computer, and camera stores.

Bottom Line: Very few credit cards have computer hardware or software as a bonus earning category, but the Amex Business Gold card is one of the best business cards for purchases in this category.

While it may be difficult to find a business credit card that has computer hardware/software as a specific bonus category, there are plenty of additional ways to earn rewards on your computer purchases.

Bottom Line: Consider bonus-category retailers and/or using a business card that offers unlimited earnings to maximize earning rewards on your computer hardware or software purchase.

Purchase protection provides coverage for an eligible item for theft, damage, or accidental loss, for a specified period after the purchase date. While most computers are eligible for coverage, computer software is normally excluded.

Bottom Line: Several business cards come with ancillary coverage for your computers such as purchase protection and extended warranty coverage. To find out if your card has these protections, you can access the Guide to Benefits that came with your card, find the guide digitally via your online card account, or call the number on the back of your card.

Charging a large computer purchase and not being able to pay off the amount in full when your card statement closes will cause you to incur high-interest charges and negate any rewards you may have earned.

Take advantage of additional opportunities to earn rewards on your computer purchase by timing your purchase to take advantage of business card welcome bonuses or by utilizing special shopping offers.

Bottom Line: Timing your large computer purchase to coincide with spending requirements for a new card welcome bonus or utilizing shopping offers can maximize earning rewards on your purchase.

The best business card for making a computer or electronics purchase will depend on the amount of the purchase, the retailer from which you will be making the purchase, and whether you value a 0% APR period to repay your purchase.

The best business card for your situation may also be a card that is offering a large welcome bonus. Using the card to make your computer purchase may help you meet the minimum spending requirements to qualify for that bonus.

In general it is far better to not buy bigger items like a computer until you can pay cash, or pay for it on credit card (to get reward points) and then pay off the card the next month so you don't pay interest.

** Unless you NEED a computer you should wait until you can afford to pay for it. Charging these types of expenses tends to lead down to a pit of debt that is hard to get out of. Wanting a computer really bad is not the same as a need.

The problem is, if you miss any payment, or fail to pay the computer off in full, you'll have to pay for the accrued interest -- at a rate typically 25% or higher. That means if you buy your computer for $1,000, and pay $999 at the end of 12 months, you may have to pay $250 in accrued interest.

If you're looking to buy a new computer sometime soon, you may well wonder how to properly time your purchase to get the best deal. Are there certain times of the year that are better for buying a new computer?

Back to school season: Many children and college students are in the market for computers at this time, and so that's a good time to find deals, especially if your state has a sales-tax-free weekend in the summer to encourage shoppers to open their wallets.

That said, while tax holidays can be an advantageous time for students and adults to buy a desktop or laptop, there are sometimes limits on how much the computer can cost to avoid sales tax. You may get a sales tax holiday on a $1,000 laptop but not a $3,000 desktop, for instance.

For much of the early 2020s, the best time to buy a desktop computer, laptop or whatever electronic device you wanted was immediately. If you were in need, and you found one with a good price, you were advised to get it, then and there.

When shopping for a new computer, prioritize what you're looking for: Do you want the best price or the newest product? While you can find discounts for desktop and laptop computers during the holidays for all brands, you may want to buy an Apple computer at a different time if the goal is to get the lowest price. In other words, if a new Apple product comes out, you'll want to look at what the new desktop or laptop replaced. You may want to buy an older version, which is likely to be offered at a steep discount.

Price. Dan Gudema, founder of SEO Turbo Booster and a software developer based in Boca Raton, Florida, says that the bigger your family, the better the odds that you should not purchase a new computer every time you need to buy one. "We don't believe it is necessary to buy new computers and often an upgrade is all you need to take what you have and make it work better," Gudema says.

Gudema and his wife have two school-aged sons. In total, they have five computers; two are Gudema's for work. Sometimes, they'll purchase new computers, but Gudema has had luck buying used computers off of Craigslist. If you're interested in buying used Apple products that have been tested by Apple and come with a one-year warranty, check out the "refurbished" section on

Brown says that used Apple computers and desktops are often a great deal. "Like comparably priced PCs, Apple hardware is high-end and has a long life. For this reason, refurbs from the Apple store site can be a great option," she says.

Features. If you buy a cheap computer that doesn't work for you, you'll end up wasting a lot of money. If you're a serious gamer or are running a business, you might want to opt for buying a computer from a company that builds computers on demand.

Tim Lynch, owner of Psychsoftpc, an artisanal computer hardware manufacturer based out of Quincy, Massachusetts, says that while "many folks will be satisfied with a cheap machine" at big-box stores and office supply stores, you're taking a risk. "They will perform OK for internet browsing, word processing, email and the occasional non-complex spreadsheet, but will struggle to handle gaming, video streaming and will find virtual reality an impossibility," Lynch says. He says that with 64-bit operating systems, even the cheap machines should have at least 8 gigabytes of RAM. 041b061a72


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