HOWEVER, before you take advantage of such offers, you should be certain that you'll be able to pay off the entire debt
by the end of that promotional period, otherwise you'll usually have to pay interest on the entire amount that you transferred, and you're no better off than you were before.
(Keep in mind, though, that interest accrues during that time and will be charged to your account from the date of purchase if the balance isn't paid in full
by the end of the promotional period.)
Under a deferred interest deal, if you miss a due date or your balance is not paid in full
by the end of the promotional period, you will owe the entire amount of interest which — given the high interest rate that most retail cards charge — can be a hefty amount.
A word of caution, however: If you fail to pay your balance in full
by the end of the promotional period, interest will be retroactively imposed from the date of purchase.
Simply pay your minimum monthly payment and pay off the entire balance
by the end of your promotional period and you pay no interest.
CareCredit gives you shorter term financing options of 6, 12, 18 or 24 months with no interest on purchases of $ 200 or more when you make the minimum monthly payments and pay the full amount due
by the end of the promotional period.
Hot Tip: It's also important to note that the minimum monthly payment due may NOT BE ENOUGH to pay off your balance
by the end of the promotional period — this is extremely sneaky!
If the balance is not paid off in full
by the end of the promotional period, you pay the interest on the entire balance.
You don't have to pay any interest on this special financing, as long as you pay your balance in full
by the end of the promotional period.
However, the drop of 5 to 10 points can be well worth it if you aggressively make payments to wipe out the debt
by the end of the promotional period.
Depending on the purchase amount, the minimum required monthly payment may not be enough to pay off the balance
by the end of the promotional period, so watch the calendar and your balance closely if you take advantage of one of these offers.
But in many cases, this is deferred interest, meaning that if you don't pay off the entire balance
by the end of the promotional period, you must pay the back interest, usually at a rate in the high 20s.
Depending on the purchase amount, promotion length and payment allocation, the required minimum monthly payment may or may not pay off purchase
by end of promotional period.
Depending on purchase amount, promotion length and payment allocation, the required minimum monthly payments may or may not pay off purchase
by end of promotional period.
Minimum monthly payments are required, but may not pay your purchase in full
by the end of the promotional period due to purchase amount, promotion length, additional purchases or allocation of payments in excess of the minimum payment.
Tip # 6: Ensure that you pay your balance
by the end of your promotional periods, or you will have to pay back interest!
Not exact matches
Actual results, including with respect to our targets and prospects, could differ materially due to a number
of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from
end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused
by the proposed tariffs
by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up
of production
of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception
of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall
of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability
of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration
of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers
of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits
of the transaction; the risk that retail customers may alter
promotional pricing, increase promotion
of a competitor's products over our products or reduce their inventory levels, all
of which could negatively affect product demand; the risk that our investments may experience
periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed
by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity
of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization
of products under development, such as our pipeline
of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty
periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development
of new technology and competing products that may impair demand or render our products obsolete; the potential lack
of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year
ended June 25, 2017, and subsequent reports filed with the SEC.
After the
end of the
promotional 0 % APR
period, the interest for each billing cycle is equal to the periodic rate multiplied
by your balance after payment.
At the
end of any
promotional period the interest rate will usually jump to the standard rate for balance transfers, so if you haven't paid off the transferred balance in full
by then you will start paying interest on the outstanding balance.
Monthly payments are required and, if the full balance is not paid off
by the
end of the 6 - month
promotional period, 26.9 % interest will be applied to the full amount charged from the purchase date.
However, be wary
of the card's special financing deals — while they might come in handy on those big - ticket buys, they actually include what's called deferred interest, which means interest accrues during the
promotional period and is applied to your account if you don't pay your entire balance
by the
end of the term.
Your double cash back will be received at the
end of the
promotional period (e.g it will show on your 13th billing statement after registration) and you need to enroll
by July 31st, 2015.
The former is considered true no - interest financing — in which no interest accrues during the
promotional period, so long as you make minimum monthly payments — while the latter denotes a deferred - interest deal, which means interest is retroactively applied from the date
of purchase if you don't pay your entire balance
by the
end of the term.
After 12 mos., then - prevailing rate for base package applies (currently: $ 61.99 / mo. for BUSINESS SELECT PACK; $ 81.99 / mo. for BUSINESS ENTERTAINMENT PACK, $ 104.99 / mo. for BUSINESS XTRA PACK) $ 102.99 / mo. for COMMERCIAL ENTERTAINMENT PACK, $ 151.49 / mo for COMMERCIAL XTRA PACK, up to $ 237.99 / mo. (based on EVO, Estimated Viewing Occupancy) for COMMERCIAL CHOICE, and up to $ 553.99 / mo (based on EVO for COMMERCIAL CHOICE PLUS) unless canceled or changed
by customer prior to
end of the
promotional period.