financing

Deferred Interest

Also known as “No Interest if Paid in Full”

Minimum monthly payments are required, which may or may not pay off the promotional purchase by the end of the promotional period. This means in order to pay the promotion in full before the end of the promotional period, the cardholder may need to pay more than the minimum monthly payments.

If monthly payments are made by their due dates and the purchase is paid in full within the promotional period, interest is not assessed on the promotional purchase.

SEE CONSUMER SCENARIO

Reduced Interest

Often referred to as “Fixed Pay”

A reduced interest rate is charged on the promotional purchase, regardless of the length of promotion

Monthly payments on promotional purchase are the same every month

SEE CONSUMER SCENARIO

Non-Promotional Sale

May also be called a “core” sale

Entire purchase must be paid in the first billing cycle to avoid interest charges

Just like purchases made with most general use credit cards

No Interest

Often referred to as “Equal Pay”

No interest is charged on the promotional purchase, regardless of the length of promotion

Monthly payments on promotional purchase are the same every month

SEE CONSUMER SCENARIO

 

 For application process please contact our office at 1 (708) 397-4940