What types of extended payment terms and promotional financing options are available with Bill Me Later?
There are three types of options that you may see, depending on what the merchant is offering. 1) “Take 60” or “Take 90″(extended grace). With this option, no payments are due and no interest accrues during the extended grace period (either 60 or 90 days.) If you have a balance on the day after the end of the extended grace period, interest will then begin to accrue. 2) “No Payments Until” deferred interest programs. With this option, no payments are due before the promotion expiration date and interest is deferred during the promotional period. If you pay your balance in full by the promotion expiration date, you do not have to pay any interest. If you do not pay your balance in full within the promotional period, interest will be billed from the date of the purchase. 3) “No Interest if Paid In Full” deferred interest programs. With this option, you are required to make the minimum monthly payment, as described in your billing statement and interest is deferred during the promotional
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