How does the Amazon Store Card’s deferred interest work on purchases?

The Amazon Store Card offers a deferred interest period on qualifying purchases. Here’s how it works:

  • No Interest if Paid in Full: You won’t be charged any interest if you pay your balance in full within the promotional period (typically 6 or 12 months for purchases of $150 or $600 and above, respectively). Some select purchases may even offer a 24-month deferred interest period.
  • Retroactive Interest: If you don’t pay your balance in full by the end of the promotional period, interest will be charged retroactively to your purchase from the date it was made.
  • Minimum Payments Required: Even during the deferred interest period, you’re still required to make at least the minimum monthly payment on your balance to avoid late fees and potential account closure.

Important Tips:

  • To completely avoid interest charges, ensure you pay your balance in full before the promotional period ends.
  • Consider paying more than the minimum amount due each month to reduce your overall outstanding balance and minimize the risk of retroactive interest accumulating.

For help creating a payment plan to avoid deferred interest charges, you can explore tools like Cardreward’s Credit Card Payoff Calculator.

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