Promotional 0% APR question

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Promotional 0% APR question

Postby ckkiw8 » Sat Nov 22, 2014 9:33 pm

I have a card with a 0% APR promotion that expires on February 1, 2015. I am a bit confused on when I need to have the balance paid off in order to avoid an interest charge on the balance. Here's the deal:
Let's say I have a $500 balance on my January 1, 2015 closeting date. I make a payment on my regular January 26, 2015 payment date of $250, leaving a balance. So if I don't have the remaining $250 paid off by the February 1, 2015 0% APR expiration date, will I get charged interest on the $250 or I am good as long as I have the balance paid off entirely by or on the February 26, 2015 due date?
Please help clear this up. Thanks.
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Postby ingramjuan » Sat Nov 22, 2014 11:00 pm

I don't know which card you have, but on my BestBuy card under the same situation I would have to pay the interest on the original amount back when I made the purchase if the balance is not paid off by the end of the promotion period. Good Luck!
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Postby takeshi » Mon Nov 24, 2014 8:29 am

As always: read the terms. Terms can and do vary. The offer will tell you exactly when you need to pay to avoid interest. I would guess that if the offer expires on X and you pay after X that you will accrue interest and possibly any interest that would have accumulated during the term of the offer -- again, depending on the terms.

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