What is Deferred Interest Promotional Financing? | Synchrony

A Deferred Interest Promotion is an offer that may be available on your purchase. With this offer, interest accrues (adds up) on your account from the purchase date, but is only charged if you do not pay off your promotional balance within the defined promotional period.

CouponFollow Extension

$0.00
OFF

YOUR STATEMENT MADE SIMPLE. - Synchrony

5 days from now

Total Interest Paid in 2015 $0.00 Promotional Purchase Summary The applicable terms of your promotional purchases are below. DEFERRED INTERES T: To avoid paying Accrued Interest …

mysynchrony.com

$2000
OFF

5 Things To Know About The Synchrony Home Credit Card

5 days from now

Jun 19, 2024 · Say you purchase a $2,000 couch with your Synchrony Home card and get the 12-month deferred interest offer, but you have a $50 balance left on the card at the end of the …

nerdwallet.com

$200
OFF

Understanding Promotional Financing: What It Is & How It Works

5 days from now

Mar 29, 2024 · Deferred interest financing. No interest if paid in full within six, 12, 18, or 24 months on qualifying qualifying purchases of $200 or more at enrolled provider locations and …

carecredit.com

99%
OFF

Synchrony Car Care Credit Card | Synchrony

5 days from now

New Accounts as of 7/16/24: Purchase APR 34.99%. Penalty APR 39.99%. Min Interest Charge $2. A promo fee will be charged equal to 2% of the amount financed on an equal payment no …

synchrony.com

0%
OFF

Synchrony Bank 0% Interest Period Has Ended And I’m Paying

5 days from now

That's not a real 0% interest period. That's called Deferred Interest. You can tell the difference by their wording because the law requires it. True 0% interest cards/offers will say 0% APR for X …

reddit.com

$199
OFF

Synchrony Outdoors | Synchrony

5 days from now

Deferred Interest Offer. No Interest if Paid in Full within 6 Months* On purchases of $199 or more made with your Synchrony Outdoors credit card. Interest will be charged to your account from …

synchrony.com

FAQs about What is Deferred Interest Promotional Financing? | Synchrony Coupon?

Does synchrony pay off a deferred interest promotion?

With Synchrony, 79% of cardholders who selected a deferred interest promotion pay off their balance in full within the promotional period and therefore do not pay interest. ¹ You can use the Synchrony Payment Estimator to help explain promotional financing options and monthly payments to your customers in the moment. ...

What is a deferred interest promotion?

Does synchrony home have a deferred interest offer?

Say you purchase a $2,000 couch with your Synchrony Home card and get the 12-month deferred interest offer, but you have a $50 balance left on the card at the end of the promo period. You’ll be charged interest on the full $2,000 rather than the more manageable $50. ...

How long does synchrony defer interest?

Some Synchrony partner locations defer interest for up to 60 months. Deferred interest can save you money on interest charges, but only if you are able to pay off the entire balance before the promotional period ends. If you don’t, you’ll be charged interest on the original purchase amount that’s been accruing throughout the promo period. ...

What happens if I don't pay off a deferred interest promotion?

If you do not pay off this balance in full before the end of the promotional period, then the interest that has been accruing from the date of purchase will be added to your account and you will be required to pay it. Below are 3 different ways a cardholder could make payments on a deferred interest promotion. ...

What is a deferred interest offer?

Many retailers offer special promotional financing for big purchases through deferred interest offers. These offers promise people that they won’t be charged interest during a promotional period, if they pay their promotional balance in full by the end of the period. Consumers may find the costs of deferred interest less transparent. ...