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Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
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JCP Promotional Interest Offers?

Hey everyone, I have a quick question pertaining to JCP's special interest promotional offers, in particular, one that is going on now for furniture and mattress purchases of $1,000 or more on the card, 0% for 12 months.

 

I talked to a CSR and it's simiply listed as a promo offer on the statement, and not like Macy's in that they create a separate line. However, has anyone ever used one of their promo offers? If not, for anybody who has ever used 0% interest for finance accounts, store cards, and/or general CCs, what does a payment go toward first? The promo offer, or any regular, revolving purchases?

 

Thanks :smileyhappy: Plan on buying myself a nice, new, queen bed (only ever had a twin, need to measure my room and shift some furniture around to make sure it fits!), and a new mattress to boot! Waiting until the sale is good again and i'll be using my employee discount!

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
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Re: JCP Promotional Interest Offers?

*bump* any advice on how payments apply to a card when you have both regular purchases and special interest promotion purchases?

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Frequent Contributor
Posts: 491
Registered: ‎02-06-2012
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Re: JCP Promotional Interest Offers?

I would call into make your future payments and let them know how much you would like to go to the Promotional payment and to your regular balance. They will do that for you!

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Regular Contributor
Posts: 150
Registered: ‎11-05-2011
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Re: JCP Promotional Interest Offers?

The Credit Card Act makes anything over the minimum apply to the higher interest payment. 

www.creditcards.com/credit-card-news/law-bans-credit-card-payment-allocation-trickery-1282.php

 

Valued Contributor
Posts: 1,905
Registered: ‎11-17-2012
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Re: JCP Promotional Interest Offers?


lanc wrote:

The Credit Card Act makes anything over the minimum apply to the higher interest payment. 

www.creditcards.com/credit-card-news/law-bans-credit-card-payment-allocation-trickery-1282.php

 


Great! Thanks you two! I'll definitely call in to verify if and when I utilize the special financing, and good to know!

Capital One Quicksilver World Mastercard $20k | JCPenney Gold $10k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $13.7k | Discover IT $11.5k | SavingStar American Express $14.8k | American Express BCE $11.3k

FICOS: EX 764 EQ 704 TU 745 VantageScore 3.0: EX 745 EQ 752 TU 752 Credit Sesame (EX) 754 Credit.com (EX) 788
Blogger
Posts: 3,355
Registered: ‎10-19-2012
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Re: JCP Promotional Interest Offers?


lanc wrote:

The Credit Card Act makes anything over the minimum apply to the higher interest payment. 

www.creditcards.com/credit-card-news/law-bans-credit-card-payment-allocation-trickery-1282.php

 


Does it mean if I have a transferred balance with 0% interest, any extra payment would go toward purchases which are being charged positive interest?

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