Do I have to pay retroactive interest after the Chase Slate 0% APR period ends? This question is about the Chase Slate®

Do I have to pay retroactive interest after the Chase Slate 0% APR period ends?

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This question is about the Chase Slate®

WalletHub, Financial Company

@WalletHub • 12/17/19 This answer was first published on 12/16/16 and it was last updated on 12/17/19.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You will not have to pay retroactive interest after the Chase Slate 0% APR period ends. Only the balance that you carry beyond the end of the 0% period will incur interest. And that interest will accrue at an annual rate that could vary, depending on your overall creditworthiness.

Retroactive interest tends to be an issue only with store-affiliated credit cards, meaning that if you pay one of your monthly bills a day late during the 0% period or you don’t repay the full amount owed by the end of the intro term, interest will retroactively apply to your entire original purchase amount at the card’s regular rate, like the 0% offer never existed.

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Jack Thorne, Member

@jackthorne • 03/01/18 This answer was first published on 03/01/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You're thinking of deferred interest, and that's only when you get financing through store cards. The intro 0% periods, for transfers as well as purchases, are just that. No interest for that period.

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