Philips Essential Airfryer HD9200/21 is on sale for $89, from $169 at Bing Lee + a further 15% off using the afterpay code. Requires eBay plus for free shipping. You can get a free trial or 1 month for $4.99, rather than pay the $10 shipping fee.
If you don't want to use the afterpay deal /eBay plus then you could grab it from Amazon for $89 delivered.
Previous OzB low appears to be $79.
Referee: $10 off 1st purchase.
Referrer: $10/$20/$30 off $100/$150/$250 Spend.
FYI:
Afterpay does not affect your credit score or credit rating. Your credit score can be impacted when somebody does a credit check on you or if you are reported as paying debts late; at Afterpay, we never do credit checks or report late payments. We don’t believe that missing a payment with Afterpay should result in a bad credit history. Our main aim is always to help you spend responsibly, and we take a number of steps to help ensure this, including pausing your account when you miss a payment.
Yeah I know the spiel.
It may not directly effect your credit rating. But when you're being evaluated for a loan, the bank will review statements. How do you think it looks when there's repayments for small home appliances that should be affordable up front? It doesn't paint a good picture of your financial situation if you're using BNPL schemes.
Sure you can try to justify it "oh there was a good deal, that's why I used it". But you're starting off on the back foot for the application.
Regardless, I'd never want to support a company like Afterpay for ethical reasons.
But you do you.
I would hope whoever is brokering my mortgage would look a bit deeper than just going afterpay=bad. I have no issues justifying my use of Afterpay - they used to take amex, which means I could buy things from particular stores with afterpay, pay them off in full instantly with my amex and then pay my amex off at the end of the month. im essentially double dipping on points spend as well as circumventing the issue of amex not being accepted everywhere.
I have since stopped using afterpay as they no longer accept amex, though I still believe it goes deeper than that. I mean hell compare the pair, in the days of old it would be ether layby or using a credit card and credit card interest stings a lot more than a fortnightly payment scheme like afterpay. I am not going to go in and bat for another version of payday lending, but I believe a lot of the stigma has been constructed to turn people away from what is actually quite a useful tool when used appropriately - much like any other line of credit available.
You make it sound as if they only look at BNPL schemes, disregarding everything else lol
We've recently remortgaged, I outlined the multiple BNPL lenders I've used & still use without any issue whatsoever.
@adinico: I spoke to a broker literally 2 weeks ago and they said as long as you have no money owing on them it does not matter, if you do you just have to pencil it down as other debt. The amex I have in my wallet, on the other hand, took a solid 150k off my max mortgage amount(naturally that is going to be canceled in the next month or two).
Go figure really, I am not gonna sit here and say BNPL is perfect, but the crap being spewed about them in recent years is borderline misinformation. Every single argument used against them can be applied to any other form of loan, I am yet to see one good argument against BNPL that doesn't argue against every other type of loan out there.
@doobey1231: Everyone other loan out there requires a credit check to ensure the person is likely to be able to pay back the loan without financial stress. Basic ethical lending.
BNPL doesn’t do this.
There you go. An argument against BNPL that doesn’t argue against every other type of loan out there.
@PainToad: Yeah but again that point is not a very sharp one when you consider the limit when you sign up is $600. A credit card company is happy to give a 21 year old an amex with a 10k limit just cause they have a part time job at maccas, so yeah sure they do credit checks, but that doesn't mean they don't loan unethical amounts of money to people that cannot afford to pay it back, it defeats the point of the credit check. I guess its up to the individual to discern which one is less ethical than the other, but the root point I am making is BNPL is no worse than any other loan option out there, in fact theres plenty of benefits to BNPL that other loan facilities don't have that make it a genuine proposition for some people. Like I said in my other comment, it took 4 years and about $3000 of spending on afterpay to get a 2.5k limit on my account and that is still not even close to the credit card limit I could get.
BNPL only exists because not everyone can get a credit card or pays interest due to poorly managing repayments of their credit card which in essence makes it even worse. So I agree, it’s rubbish. If you can’t pay for a $90 air fryer, wait until you can.
I mean you can use your credit card to buy a $90 air fryer too, so its a bit of a moot point. Afterpay works for people that don't want to go through the credit card application process. It exists because its a simplified way of borrowing money that anyone can understand - buy and own the product now, pay us back in four equal fortnightly installments. Anyone capable of getting a job can comprehend how BNPL works and they don't need to go through an application process for the privilege so it actively fills a hole in the market. Having had both, I would much prefer a BNPL over a credit card, having neither is ideal but if you compare the shortfalls of credit cards vs BNPL, you stand to lose a lot more with credit cards, yet we still champion them better than BNPL? I don't see how that logic fits.
Accessible to the vulnerable (young). Making regular stupid purchases in this throwaway society. As you said, BNPL makes this easier than CC, perhaps even encourages it when you look at their exclusive deals such as this one.
@EitherWayUp: Implying the young cannot sign up for a credit card though.. how many times have you heard about 20 somethings being over their head in debt because of stuff like that? I mean shit the majority of my early 20s targeting advertising on facebook was "do you have a loan worth xxxxx amount, you may be eligible for ______". Not to say it wasn't a scam of course, but lets be real here, BNPL is not the dawn of young people in debt.
Credit cards have exclusive deals too, and points and benefits to lure you in, nothing different from BNPL. The throw away culture we have is also not spurred by BNPL schemes, that was happening looooong before they existed, you could even argue since they have come in we have become less of a throwaway society, but those two things are not directly related as the reduction in single use plastics is a result of legilsation not buying activity.
But the TLDR of it is, none of the points you made are exclusively a BNPL problem, they have all existed well before BNPL was a thing.
I mean you can use your credit card to buy a $90 air fryer too, so its a bit of a moot point.
Credit card providers do checks to make sure their customers are likely to actually be able to repay their debt.
Afterpay works for people that don't want to go through the credit card application process
Another way of framing this is Afterpay preys on people who can't get a credit card because their application is denied because they're in a financial position where it would be irresponsible to offer them a line of credit.
It exists because its a simplified way of borrowing money that anyone can understand
Here's the thing. It shouldn't be simplified. Instead of dumbing down financial services, how about people start educating themselves instead.
Credit card providers do checks to make sure their customers are likely to actually be able to repay their debt.
Yes, but the average 20 year old can still take out a 10k limit on a credit card provided they have a secure part time job, give or take. Entry level for Afterpay, for example, is $1500 - happy to be corrected here as its been a while and I have a 2.5k limit after being with the service for 4ish years. So even without any checks, even with a much longer loyalty span, I am still only able to max out at 2.5k, credit cards are a LOT more loose on what they lend to young people, so although there are checks, I wouldn't say they are nearly as stringent as they should be AND they are still much bigger traps again because you are dealing with a monthly interest rate, all it takes is a couple months of not paying the bill and you have so much interest accrued its hard to dig yourself out.
Another way of framing this is Afterpay preys on people who can't get a credit card because their application is denied because they're in a financial position where it would be irresponsible to offer them a line of credit.
Implying the banks aren't guilty of doing extremely similar things in the past? Was there not an inquiry not too long ago that basically scolded the banks for loaning too much money to people they know couldnt pay it back?
Here's the thing. It shouldn't be simplified. Instead of dumbing down financial services, how about people start educating themselves instead.
How do you suggest young people educate themselves? there's nothing in schools, there is next to nothing free to young people, no resources nothing. When I left school I relied souly on my mother to teach me financial responsibility. Not everyone has the luxury of financially responsible people to teach them. Plus what has this got to do with anything, some people aren't made to understand the ins and outs of credit card debt, why are you gatekeeping options from them?
![[Afterpay] Philips Essential Air Fryer 4.1L (HD9200/21) - $75.65 + Delivery ($0 with eBay Plus) / C&C @ Bing Lee eBay](https://files.ozbargain.com.au/n/68/835968.jpg?h=be053838)
A great method to quickly fry…your chances of getting future credit.