End of 0% Financing

[Anonymous]

I am approaching the end of my 0% financing for both of my Cap1 cards. One in June and one in July and from the way things are looking I probably won't have the balance completely paid off by then. Do they charge you interest from Day 1 if it's not all paid off? Or do they charge you interest on the balance on your statement at the time the promo ends?

[Gunnar419]

They only charge interest for the balance that's left after the promo ends.

Generally, only store cards charge interest retroactively if you don't finish paying within the promo period.

[lhcole77]

+1

[Anonymous]

Whew! I thought I was gonna have a mountain of interest added. I can handle the interest being charged on my current balance. Thanks guys!

[Anonymous]

Check your terms and conditions if you are unsure, or you can always give them a call.
I have a co-branded cap1 card that uses deferred financing, but as far as I'm aware only store cards do this.

[taxi818]

Correct. Only on what your current balance is. Not every thing in past. So it will be small no matter what. My promo ended last month on my quicksilver.  I got charged 18.dollars on 1650 balance. Which will force Neto pay off sooner.