Wal-Mart Offers New No-Interest Financing
May 4, 2017 by Paul AusickWal-Mart Stores Inc. (NYSE: WMT) has done something different for its customers who have either a Walmart Credit Card or a Walmart Mastercard Credit Card. The world’s largest retailer is offering no-interest financing for periods of 6 or 12 months on card purchases.
While this may sound like similar offers from lots of card issuers, what makes this different is that not only do Wal-Mart customers pay no interest during the promotional period, interest does not even accrue during the period.
Most similar offers allow consumers to make interest-free payments for a specified period. Provided that the total bill is paid off within the period, the customer pays no interest charges.
However, interest still accrues on the debt and if the full debt is not paid off in the specified period, the accrued interest is added to the bill. This can be a nasty surprise for many card holders.
There are some limits to Wal-Mart’s offer:
The new promotional financing offer on the Walmart Credit Card and the Walmart Mastercard Credit Card includes six months zero interest for purchases made in store of $150 to $298.99 and 12 months zero interest for purchases made in store of $299 or more.
If you shop at Wal-Mart, this could be a deal worth checking out.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.