Disney Visa 0% offer question

[Svenskaishockey]

i searched the net and couldnt find a answer to this question and i didnt want to wait for a cardmember agreement to arrive in the mail from chase...... if i use the 6 month 0% offer and for whatever reason am unable to pay it off completely within the 6 month window, will chase charge interest on only the remaining balance or on the initial balance dating back to the purchase? i plan on paying it off on time but with a $1200 a month student loan payment plus other expenses, you never know and i would like to be prepared. i usually divide the total by 5 to eliminate the possibility but i want to know all of my options.
thanks!

 

[pharmjenn]

You should only owe interest on the balance at the time the 0% offer expires. The wording difference is 0% interest until x date, vs 0% interest, "deferred"
We just put in new flooring and got deferred interest, so 0% for 1 year, but if we don't pay it off before that date, we owe the interest on the entire initial balance. But they don't sell it that way.

 

[a1tinkfans]

Ya know to be safe Id be prepared for the worst.
If I recall the fine print says something like you will be charged interest on the full amount originally charged (which shows on the statement in a little boxed area). Many cards do this, you make a minimum payment and if you miss that deadline by even 1 day, you get zapped for the full amount, (which will show you that it is accruing)
You can prob call directly to confirm, but then again, the person may be like a cm at disney, sometimes you get the correct answer, sometimes not.
Meanwhile, I digress....Kudo's to you for keeping up with the education loans..thats a house payment....I have my first graduate in a week..and after MUCH debate, decided to forgo the loans to accept a full academic scholarship to a great public school versus a substantial but not full scholarship at a private one..That loan money/rates were a major factor in the choice...

Good luck and have a great Vacation!