![]() For more information, watch this informative video about Deferred Interest promotional financing. Be sure to make at least the minimum payment each month, and plan to pay your balance in full by the end of the promotional period to avoid having the accrued interest charged to your account.Ĭheck your statements to ensure that you’re on track to pay off your balance before the promotional expiration date. Synchrony Bank sends monthly statements to you which show the Deferred Interest Charge, and the Promotional Expiration Date. Depending on purchase amount, promotion length and payment allocation, the required minimum monthly payments may or may not pay off purchase by end of promotional period. If your purchase qualified for a Deferred Interest promotion, interest is charged from the purchase date if the promotional balance is not paid in full by the end of the promotional period. ![]() Why has interest been charged to my account on my Deferred Interest promotion if I have made all of the minimum payments? Minimum interest charges in excess of the calculated interest are treated as a new purchase. Interest, as calculated above, is added as applicable to each balance type. We charge a minimum of $2.00 of interest in any billing cycle in which you owe interest. We add all the daily interest amounts that were charged during the billing cycle.
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