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no interest for 1 year

How A Deferred Interest Credit Card Costs You Money

Every two weeks I’m up at the crack of crack paying bills online. My other half has put me in charge of paying his bills because he admittedly isn’t good at it. One of his bills happens to be a store card that has a promotional deferred interest rate that will expire in two months. He wasn’t sure exactly what that meant, do you?

From time-to-time stores will have promotions that are designed to get you to buy. The are often advertised as “No Interest for Six Months” or “No Interest for One Year”. Have you seen those types of offers?  This is called a deferred interest offer. This means that the credit issuer will not charge you any interest during the promotional period. […]