Currently, all new JCPenney Credit Card cardholders who purchase at least $1,000 in furniture or mattresses get access to a 0% APR for 24 months. However, the deal isn’t necessarily as good as it might seem. This is a deferred-interest offer, which means the card’s regular rate (26.99%) will retroactively apply to your full purchase amount if you’re late with a monthly bill payment or you don’t repay your full balance within 24 months. If that happens, it would be like the 0% rate never existed.
As a result, we recommend using a 0% card that’s not affiliated with a particular retailer. Such cards don’t use deferred interest. And if you decide to use the JCPenney Card, be sure to make timely payments. You can learn more about deferred interest here.
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