Sometimes you’ll see a deferred interest offer, but what does it mean? A deferred interest offer means that interest is silently being calculated in the background, typically at a rate of 20% or higher. Sally French breaks down the critical distinction between deferred interest and 0% APR. If you’re seeking to make a purchase without paying interest, it’s important you know. Because not knowing might end up costing you hundreds of dollars in retroactive finance charges.
Suggested Articles:
What Is Deferred Interest? It’s Not the Same as 0% APR: https://www.nerdwallet.com/article/credit-cards/deferred-interest-promos-huge-interest-charges
Chapters:
0:00 – Intro
0:24 – Deferred Interest Offers
1:36 – 0% APR Offer
2:48 – 4 Tips For If You Can Only Get Approved For Deferred Interest Credit Cards
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How To Avoid Deferred Interest Payments | NerdWallet
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