Wal-Mart Stores Inc. (NYSE: WMT) has done something different for its customers who have either a Walmart Credit Card or a Walmart Mastercard Credit Card. The world’s largest retailer is offering no-interest financing for periods of 6 or 12 months on card purchases.
While this may sound like similar offers from lots of card issuers, what makes this different is that not only do Wal-Mart customers pay no interest during the promotional period, interest does not even accrue during the period.
Most similar offers allow consumers to make interest-free payments for a specified period. Provided that the total bill is paid off within the period, the customer pays no interest charges.
However, interest still accrues on the debt and if the full debt is not paid off in the specified period, the accrued interest is added to the bill. This can be a nasty surprise for many card holders.
There are some limits to Wal-Mart’s offer:
The new promotional financing offer on the Walmart Credit Card and the Walmart Mastercard Credit Card includes six months zero interest for purchases made in store of $150 to $298.99 and 12 months zero interest for purchases made in store of $299 or more.
If you shop at Wal-Mart, this could be a deal worth checking out.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.