Synchrony Financial Deferred Interest Promotions
Thank you for being a synchrony financial card holder. Do you know that your credit card may give you a sensible way to use your credit card? One is called deferred interest promotion. You may have seen that it has been advertised as special financing or if there is no interest in full payment.
This is how it works. Suppose you purchased $1200 through a 6 month deferred interest financing promotion. Interest is accumulated or established from the date of purchase. By deferring interest promotion, if you pay off the purchase within the advertising period (six months in this case), you do not have to pay the cumulative interest.
Suppose this is the only balance in your account. For example, if you pay $200 a month, you can pay the full purchase price before the promotional deadline and avoid paying interest. As long as you pay a total of $1200 within six months, you can also make a different monthly payment portfolio and pay interest.
Please make sure that the minimum amount is paid at least once a month before the date of payment. Please note that if you only pay the minimum amount due each month, you will not be able to pay the full amount of purchase at the end of the promotion. If this happens, the cumulative monthly increase in interest at the end of the promotion will be added to your account.
Please refer to your bill for important details of interest rate extension. You can check the box marked with the promotional balance to see the amount that must be paid at the end of the promotional period to avoid paying the accumulated interest. You can see the accumulated interest in the box with deferred interest charges.
This information can help you manage payment to avoid interest expense. In short, it’s the delayed benefit, and it’s a good way to make a big purchase and start enjoying it right away. For more information, visit mysynchrony.Com or dial the customer service number in the account activity summary on your reconciliation. Thank you again for being a synchrony bank client.