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Samsung Financing: Buy Now & Pay Later

By: Mary Elizabeth Hammond

Samsung Financing: Buy Now & Pay LaterAs big-ticket items, appliances and electronics can take a hefty chunk out of your bank account if you’re not careful. But if you shop at Samsung, you can get your TV, kitchen appliances, computer monitors and more for $0 down and no interest when you pay in full before the promotional period ends. Sound too good to be true? Read on for Groupon Coupons’ deep-dive into Samsung Financing and whether it’s right for you. And no matter how you pay, be sure to save on your order with our collection of Samsung coupons.  

Samsung Financing: How it Works

Step 1: Apply

Apply here. Your application is subject to credit approval.

Step 2: Pay Over Time

Payment plans vary based on your purchase (which has to be at least $50), credit score, and the plan you choose. There are several options including a 6, 12, 18, 24, 36, 40, and even 48-month plan. 

You’ll get a billing statement each month with your minimum monthly payment and balance. You can make payments online at myonlineaccount.net, by phone at 1-888-382-6665, or by mail as long as it’s sent at least 7 days prior to your due date.

  • No Interest If Paid in Full Offer: 
    If you pay off the promotional balance before the promotional period ends, all interest is waived. However, if you aren’t able to make those payments in time you will be charged the full interest (which starts accruing the date of the purchase). There are minimum monthly payments required but if you only pay those, you will not pay off your promotional balance in time; you’ll need to make larger payments to avoid interest. 
  • 0% APR with Equal Monthly Payments Offer:
    On qualifying purchases, you can get an interest rate of 0% APR until paid in full. The minimum monthly payment is determined based on the number of months in the offer and how much the purchase was. If you make all of your payments on time, the promotional balance will be paid off by the end of the promotional period. If you aren’t able to pay the minimum required payment on time, you’ll be charged a late fee. 

Find the details of both of these offers here.

Step 3: Keep Using Your Credit

Once you’ve applied and been approved for Samsung Financing, you can keep using it on future purchases. The revolving line of credit is automatically loaded to your Samsung.com account. (It is, however, subject to your available credit.)


Saving Tip: Take advantage of special discounts and find all of the ways to save on Samsung products in our Samsung Savings Guide.


Samsung Upgrade Program

When you purchase an eligible Samsung TV, you can get 0% APR for 36 months (with equal payments). And if you want to upgrade to a newer version in two years (or every two years!), Samsung will credit your account for up to 33% of the initial financed amount. You can find the TVs eligible for this deal here. (And check out all the info you need to know about Samsung TVs here.) 

To take advantage of this promotion, select “Samsung Upgrade” as your payment plan at checkout. You’ll then apply for credit (approval is pretty instant), and you can set up your monthly payments from there.

Bottom Line: Is Samsung Financing a Good Deal?

It can be. If you make your payments on time and avoid paying interest, it can make big purchases much more manageable. The danger comes when you miss a payment; you’ll end up paying much more in the end with interest.