Will I be charged interest by Discover it - Cashback Match for any unpaid balance after 14 months?

Questions, reviews and discussions about the Discover it - Cashback Match credit card.
Bill H.

Will I be charged interest by Discover it - Cashback Match for any unpaid balance after 14 months?

Postby Bill H. » Sat Oct 14, 2017 6:59 am

If I had this card, and made an $8000 purchase, then paid $5000 back in the 14 month-0% period, and owed $3000, would I be charged interest on the $3000?

jocelynadvisor
Posts: 389
Joined: Fri Oct 18, 2013 9:19 am

Re: Will I be charged interest by Discover it - Cashback Match for any unpaid balance after 14 months?

Postby jocelynadvisor » Mon Oct 16, 2017 3:50 pm

Yes, your example is correct. During the 14-month 0% intro APR period, purchases (as well as balance transfers) made with Discover it - Cashback Match will not accrue interest. However, if you have any remaining balance once the promotional period is over, you will begin accruing interest on that amount. You can learn more about this by reading our post about common 0% intro APR myths.

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