The JCPenney Credit Card does not offer price protection. The JCPenney Credit Card’s lack of a price protection benefit is not uncommon these days, as more and more credit cards have dropped this perk. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for some issuers to sustain.
In general, credit card price protection allows cardholders to receive a refund for the difference between an item’s original purchase price and a lower price advertised within the following 60 to 120 days. Coverage amounts and excluded items vary, depending on the credit card issuer.
JCPenney Credit Card disputes are typically resolved within 60 days, though more complex issues may take a little longer. Synchrony Bank does not allow you to dispute a charge online.… read full answer
Once you’ve initiated the dispute, Synchrony Bank will then contact the merchant and review any information provided by both parties. You won’t be charged for the disputed transaction, nor any associated fees or interest, while the dispute is under investigation. And you can still use your JCPenney Credit Card as you normally would while a dispute is ongoing.
Synchrony Bank will notify you of the outcome of the dispute after they’ve completed their investigation. They will either issue a chargeback to your account for the contested amount, or allow the charge to stand. If the disputed charge is ruled to be valid, you would then have to pay that amount, including any applicable fees and interest charges that accrued during the dispute, starting from the original purchase date.
The JCPenney Credit Card interest rate is 26.24% (V). The JCPenney Credit Card also offers new cardholders an introductory interest rate of 0% for 18 - 60 months on purchases. However, it includes a feature called “deferred interest” meaning that interest can retroactively apply to your entire original purchase amount if you pay your bill a day late or have a balance remaining at the end of the 0% period. The regular JCPenney Credit Card interest rate is variable, meaning it can change based on certain economic conditions.… read full answer
The JCPenney Credit Card gives you a 23-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your JCPenney Credit Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
All JCPenney Credit Card interest rates will be listed on your statement and on your online account summary.
The JCPenney credit card does not have an over limit fee.
Synchrony Bank, the issuer of the JCPenney Credit Card, may approve a purchase that makes you go over your credit limit.
You can put in a JCPenney credit limit increase request by logging in to your account online or by calling JCPenney Credit Card Customer Service at (800) 542-0800. Credit limit increases are determined based on your annual net income and your credit score.… read full answer
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