I am considering purchasing some patio furniture from Kmart.com because they are having a sale. I was thinking of applying for their credit card and using the no interest option. Is there anything I should know before I apply or is there a better option?

Answered on June 12, 2016
Updated on June 12, 2016
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
I would use caution whenever you see a no-interest option on a credit card. This is very different from a 0% APR promotional period on a traditional credit card. When the promotional period ends on a traditional credit card you will begin being charged interest on whatever your balance is at that time. When a no-interest period ends on a store card you will usually be charged interest on the entire purchase amount all the way back to when you originally purchased the item. You will also be charged interest on the entire original purchase price as well. This is usually a significant amount. It would be best if you used a traditional credit card with a 0% APR or another card with a lower ongoing interest rate. You could still buy the furniture there and get the sale price, I just wouldn't advise using their card or any “no interest” financing option.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question

BROWSE MORE QUESTIONS ABOUT Low Rate Card Offers:

With an excellent credit score the process of choosing a card is fast and easy, everything is available to you. The best option for you is to pick a 0% intro APR card. These cards allow you to pay for dental works over time, during a period of up to 21 months. Check out our pick of the best low intro rate credit cards and choose the one that suits you most.
Click here and browse the low rate credit cards we have on offer. Consider 0% intro APRs on purchases and/or balance transfers and be sure to find the credit card right for you.
With this high credit score± and you may qualify for a credit card with low interest rate. We cannot tell you how low your interest rate will be because each card has its own terms and some cards come with a range of APRs. We would recommend you consider credit cards with low interest rate or a card with 0% intro APR. ±Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card product.

Have A Credit Card Question? Ask Our Experts

Help us personalize your results
Your Credit History:
Do you have checking account?
How long have you had a loan or credit card?
Have you ever been declared bankrupt or defaulted on a loan?
Have you been late on any credit card or loan in the last year?
* - marked fields are required to be filled
By submitting your question, you agree to the following:*
Here at BestCreditOffers.com we will answer all questions to the best of our knowledge and understanding, but we are not legally accredited professionals. We assume no liability for actions resulting from our advice and cannot guarantee the accuracy of information in all cases. Please seek appropriate professional or legal advice when needed.
ASK YOUR QUESTION
ASK YOUR QUESTION

LOOKING FOR A CARD?

There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.