The Amazon Store Card offers a deferred interest period on qualifying purchases. Here’s how it works:
- No Interest if Paid in Full: You won’t be charged any interest if you pay your balance in full within the promotional period (typically 6 or 12 months for purchases of $150 or $600 and above, respectively). Some select purchases may even offer a 24-month deferred interest period.
- Retroactive Interest: If you don’t pay your balance in full by the end of the promotional period, interest will be charged retroactively to your purchase from the date it was made.
- Minimum Payments Required: Even during the deferred interest period, you’re still required to make at least the minimum monthly payment on your balance to avoid late fees and potential account closure.
Important Tips:
- To completely avoid interest charges, ensure you pay your balance in full before the promotional period ends.
- Consider paying more than the minimum amount due each month to reduce your overall outstanding balance and minimize the risk of retroactive interest accumulating.
For help creating a payment plan to avoid deferred interest charges, you can explore tools like Cardreward’s Credit Card Payoff Calculator.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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