How does an Interest Free promotion work?
A. With an Interest Free promotion you pay no interest for the duration of the promotion. During the interest free period you make equal monthly repayments. These will be outlined in the credit agreement you signed in store and also on your monthly statements. By making these repayments you pay off your purchase over the term of the interest free promotion and you ensure that no interest is charged. Q. How does a ‘Deferred Interest Free’ promotion work? A. A Deferred Interest Free promotion works just like an Interest Free promotion with the added advantage that you don’t have to pay anything for an initial fixed term. So you pay nothing for the initial fixed term, say 6 months, and you pay no interest throughout the whole promotion, say 12 months. Once the initial deferred payment term ends you make equal monthly repayments as with an Interest Free promotion. These monthly repayments will be outlined in the credit agreement you signed in store and also on your monthly statements.
