What is deferred interest?
Deferred interest is interest which is due from the date of your purchase. It can be avoided by paying off the Argos Card credit plan by the due date. So if you have a 6 month BUY NOW PAY LATER deal and you pay off the cash price any time up to the 6th month, then the interest won’t be charged and all you will pay is the cash price. We’ll even send you a letter with about a month to go to your payment date, to remind you of the amount you need to pay to avoid interest. If you choose not to clear the balance by the date it is due, then this interest, from the date of purchase, will be the same as if you had bought the item on the normal credit plan which attracts a typical 27.9% APR variable.
