Enlighten us if we’re wrong, but it appears that for the first time QVC is offering special financing — i.e. no interest for a certain period — for select pricey items purchased with a QCard.
We got an email on the offer, and have seen it mentioned on a number for a number of very expensive jewelry pieces on QVC.com.
Here’s the deal:
No interest will be charged on the promotional purchase if you pay the promotional purchase (including tax and shipping) in full within the applicable 9, 12 or 18 month promotional period. If you do not, interest will be charged on the promotional purchase balance from the purchase date.
Depending on the purchase amount, promotion length and payment allocations, the required minimum monthly payments may or may not pay off your purchase by the end of the promotional period. Regular account terms apply to non-promotional purchases, and after promotion ends to promotional balance.
For new accounts: As of April 1, 2016, Variable Purchase APR is 26.24% and will vary with the market based on the Prime Rate. Minimum Interest Charge is $1.50.
So if you pay off the cost of your $3,000 Affinity ring within the designated 18 months, for example, you won’t have to pay the ridiculously exorbitant interest that QVC charges.
Quite a deal!
We don’t have any home shopping credit cards because the interest rates are out of this world. We guess this offer is good if you do use a QCard. We guess.