What you need to know about

Deferred Interest Financing

What is deferred interest financing?

Deferred interest financing is a borrowing option that lets you make a purchase with the opportunity to pay no interest on those balances during a promotional period. You can avoid paying the deferred interest on qualifying Apple purchases if you make timely monthly payments during the promotional period and you pay the entire remaining Apple purchase balance by the date on which the promotional period ends.

How does deferred interest work?

When you make a purchase that qualifies for deferred interest, interest charges are calculated and accrued each month from the date that you make your purchase. The accrued interest will be deferred until the end of the promotional period.

If you pay off the purchase before the end of the promotional period (and all monthly payments are made on time), you will not pay the accrued interest.
If you do not pay off your purchase by the end of the promotional period, you will be billed all of the deferred interest that has accrued from the original purchase date.

During the entire promotional period, your billing statement will include a Deferred Financing Promotion section that will provide the expiration date, interest accrued, and remaining promotional balance not yet paid. (See "What will my statement look like?" for additional details.)

Payments

How will my payments be applied?

If I make the minimum monthly payments, will I pay off my purchase during the promotional period?

How do I make a payment?

Balance Information

How long do I have to pay off my special financing balance?

When does interest start accruing?

How do I avoid paying interest on my special financing balance?

You must do the following things to prevent the accrued interest charges from being billed to your account:

Pay at least your minimum payment each month by the due date shown on your statement
Pay off the entire promotional balance by the Expiration Date shown in the Deferred Interest Financing Promotion Summary
If you have made other transactions on your account, please note:
1. Prior to the last two months of your deferred interest promotional period, all of your payments will first be applied to any other balances on your account.
2. During the last two months of your promotional period, payments made for more than your minimum payment due will first be applied to your remaining deferred interest promotional balance.

No "Other" Balance

"Other" Balance

Scenario 1

Scenario 2

Scenario 3

Scenario 4

Other Balance

$0

$800

Deferred Interest Promotional balance

$600

Minimum payment required

$20

The Payment you chose to make

$40

$620

$520

When in deferred interest period you make the payment

Before the last two months

Either of the last two months

In the last month

How the Payment is applied

$40 is applied entirely to the deferred interest promotional balance

$40 is applied entirely to any "other" balance

$20 is applied to "other" balance;

$600 is applied to the deferred interest promotional balance and you are not responsible for any deferred interest

$20 is applied to "other" balance;

$500 is applied to the deferred interest promotional balance. $100 of promotional balance remains unpaid. As a result, you will be billed the interest charges that accrued during the promotional period.

Remaining Deferred Interest Promotional balance

$560

$600

$0

$100

Remaining Other balance

$0

$760

$780

$780

Purchases

What if I make other transactions on my account?

If you have made other, non-promotional, purchases on your account, such as non-Apple purchases and Apple purchases made at a retail store other than apple.com, Apple Retail Store or 1-800-MY-APPLE, please note:

Prior to the last two months of your deferred interest promotional period, all of your payments will first be applied to any other balances on your account.

During the last two months of your promotional period, payments made for more than your minimum payment due will first be applied to your remaining deferred interest promotional balance.

No "Other" Balance

"Other" Balance

Scenario 1

Scenario 2

Scenario 3

Scenario 4

Other Balance

$0

$800

$800

$800

Deferred Interest Promotional balance

$600

$600

$600

$600

Minimum payment required

$20

$20

$20

$20

The Payment you chose to make

$40

$40

$620

$520

When in deferred interest period you make the payment

Before the last two months

Either of the last two months

In the last month

How the Payment is applied

$40 is applied entirely to the deferred interest promotional balance

$40 is applied entirely to any "other" balance

$20 is applied to "other" balance;

$600 is applied to the deferred interest promotional balance and you are not responsible for any deferred interest

$20 is applied to "other" balance;

$500 is applied to the deferred interest promotional balance. $100 of promotional balance remains unpaid. As a result, you will be billed the interest charges that accrued during the promotional period.

Remaining Deferred Interest Promotional balance

$560

$600

$0

$100

Remaining Other balance

$0

$760

$780

$780

Statements

What will my statements look like?

Your statements will include all of the information you need to review transactions, manage payments and stay informed about the status of your promotional financing offer.

Minimum Payment Due--you must make at least the minimum payment due each month by the due date shown.

Transaction Activity--review your payments and any recent transactions.

Remaining Promotional Balance within the Deferred Interest Summary--the remaining balance that has not yet been paid and has a deferred interest financing promotion.

Total Deferred Interest Accrued--the amount of interest that has accrued on the deferred interest Promotional Balance since the original transaction date.

Deferred Financing Expiration Date--the date that the financing offer expires. You must pay your entire Remaining Promotional Balance by this date in order to prevent the Total Deferred Interest Accrued from being charged to your account.

Where can I find my statement?

Paper - If you have chosen to receive paper statements, we will send your statement to you in the mail each month. You can also access your statement online at BarclaysUS.com.
Paperless - If you have elected to receive paperless statements, or if you want to see your account information online, you can log in to your account at BarclaysUS.com. From your main account page, select "Statements" from the "Activity & Statements" menu.