Is B&H Payboo Worth It?

B&H Photo Superstore in New York City announced Payboo. It’s a credit card backed by Synchrony Bank which offers customers the ability to get back their sales tax by the way of rewards. It means that if your state’s sales tax is 6% then your rewards is 6%, if it’s 10% then your reward is 10%. The reward is used as statement credit. Know that the APR of the credit card is 29.99%. Instead, I recommend checking out my project Photo Idō (RIP) which offers photographers the ability to save at local independent camera stores without the need for a credit card.

Transcription was done by’s automated transcription service which means it’s an AI-generated transcript. The transcript may contain spelling, grammar, and other errors, and is not a substitute for watching the video.

So you’re looking to save money on sales tax. So you’re thinking of checking me out. B&H is new pay Abou pay boot pay, boo. Hey there new credit card that gives you rewards which equal the amount of the sales tax in your state. Hey, this is Scott Wyden Kivowitz a storyteller with the camera talking about all the things photographers like you and I are thinking about. And in this video I want to talk about B&H there, new Paibul credit card pay, Ibu pay, bu credit card and well what it means for you and alternative ways that you could save sales tax on May six, the CEO of being a send out an email saying that nobody likes to pay sales tax, but everybody must pay sales tax B&H and only be an h has a solution to the sales tax issue. It’s nonsense.

A lot of camera stores do not charge sales tax outside of their states. Um, so first things first, he, he was lying. B&H was not the only one to do that overnight. The B&H website got this new pay by credit card on their website and basically, uh, you pay your sales tax on B&H but you pay for the order with the Payboo credit card, which is a, B&H Payboo credit card through another, through a bank. It’s not like being h is the bank, they use it a bank to create this system. And what happens is this is a rewards credit cards. So in New Jersey the sales tax is just shy of 7% if I was to use this credit card, I would get a reward equaling the amount of the sales tax in my area. So or if you are in a state where the sales tax is 10% while, sorry, that is pretty high, that stinks.

But if you were in the area where your sales tax is 10% your rewards on this credit card is 10% so it doesn’t mean you’re getting a 10% discount on the spot. What has happening is you’re paying for the order and then you’re getting that discount as a reward back on your credit card. So it’s kind of like a refund of your sales tax. It’s basically like having cash back to statement credit except it’s not a fixed 2% 3% it’s it’s fixed to your actual sales tax. So if you’re somebody who has a 2% credit card and that is what you use normally to buy at B. And, h, maybe the paper was great for you because now you can actually save more on the reward using the pay be credit card. But I want to talk about this a little bit more. You see you, you, you cannot use this credit card anywhere outside of B and.

H. This is only a B&H credit card. That’s problem number one. Problem number two is there now suckering you into getting another credit card, which I am not in favor of. I rather see you get rid of credit cards. Then to get more credit cards. I don’t want to be the person who tells you to get further into debt. And third, the APR on this credit card is just shy of 30% which means if you miss a payment, you are paying a lot of interest. So yeah, being each give you a really nice solution and if you are good at paying your credit card bills on time and if you are only buying equipment from B&H, didn’t sure Payboo is perfect because now you’re saving on your sales tax. Oh, it’s also worth noting that you cannot use this with the financing credit card there.

Those two separate credit cards. So if you want to finance on B&H, you’d have to get the financing credit card and that does not have the pay benefits of the sales tax and two different credit cards. So if you want to save money on the equipment that you buy a camera stores, if you want to save on sales tax or dis discount in general, that might actually equal more than sales tax checkup. Photo Idō. Photo Idoō is a project I started to help photographers save money at independent camera stores, not big box stores. It has an equal benefit of getting photographers into the physical stores or the online stores of independent camera stores that are struggling to compete with the big box stores like Amazon and best buy and B&H. So if you want to support local independent camera stores and also potentially save money at your local independent camera stores, checkout photo Ido, I will link to it in the description below. It is photo the project is still growing. I’m trying to get more stores into the directory, but for now the time when recording their star, 14 stores currently available that you could buy from. That’s pretty cool.

This Post Has 5 Comments

  1. I just took advantage of this, but it only works if you CAN and WILL pay off the entire balance within the same billing cycle. My credit card companies don’t make a dime off of me because I live by this financial rule now – that wasn’t always the case. In any other scenario this Syncb card is predatory lending at the 29.99% interest rate.

    1. For sure. If you’re not good at paying your card off in full on time, then you’re at risk.

  2. this seems like an obvious question, but I live in OR, no sales tax. There would be no advantage for me to use this card if I’m ordering online and shipping to OR correct?

    1. You’re correct, there would be no benefit then.

  3. I paid my bill to Payboo last month and got a confirmation of payment immediately afterward by email. This month I get a bill for the same amount plus their late fee of $28.00 on a bill of $102.00. When I went to the account I saw that my payment was rejected. There was no email letting me know the payment was rejected. I had sufficient money in the bank so the payment should not have been rejected. I’m dealing with this on my vacation so I’m especially upset with the situation just to save my 8% tax. No more B & H photo and as you say time to go to my local store.

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