Understanding Reduced APR Financing Plans.
Reduced APR with Fixed Monthly Payments promotions let you make a qualifying purchase and pay for it over a specified amount of time with a reduced APR.
You may see this promotion advertised as “8.99% APR with 36 Monthly Payments”.
(please note: These examples are for reference only. The duration of your promotion may vary.)
How it works
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Eligible purchases will be charged interest at a reduced APR from the date of initial purchase until the balance is paid in full.
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A promotional fee may apply and will be shown at the time of purchase.
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Fixed monthly payments are based on the initial purchase amount and promotional fee (if any), divided by the number of months in the promotional period.
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There is no pre‑payment penalty.
Throughout the promotional period, your monthly statement will show you:
- the initial purchase date,
- the reduced promotional APR,
- the date the promotional period ends, and
- any outstanding promotional balance.
Helpful tools
Enroll in Auto Pay
Never miss a payment. Choose your payment date and the amount you want to pay automatically each month.
Go paperless
Easy. Green. Convenient. Switch to “online statements only” and get all the account access without the clutter.
Frequently Asked Questions
Payments
Yes. Your minimum monthly payment on a Reduced APR with Fixed Payments promotion is equal to the purchase amount, promotional fee (if there is one) and estimated interest for the length of the offer divided by the number of months in the offer. Your last payment may vary due to rounding. Paying your minimum monthly payment on time will pay off your promotional balance in full by the end of the promotional period.
No. Generally, we first apply the amount over and above your minimum monthly payment to higher interest balances and older balances.
- If you have a deferred interest promotional balance, any payment over and above your minimum will be applied first to the deferred interest balance during the last two months of the deferred interest promotional period.
- If you have two or more Reduced APR with Fixed Monthly Payments promotional balances, you may be able to redirect the excess amount among those balances as desired. To do so, call us at the number on your account statement.
It’s easy. We offer three convenient ways to pay your monthly bill.
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Online
Visit myonlineaccount.net to make a one‑time payment or set up automatic payments.
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By Phone
Call the phone number shown on your statement or on the back of your credit card.
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By Mail
Department of Accounts
P.O. Box 100114 Columbia, SC 29202-3114
Please allow 7 days for your payment to reach us.
Balance Information
Your Promotion Expiration Date can be found on your monthly billing statement in the “Summary of Promotional and Standard Balances.”
You can also login to your account at myonlineaccount.net to see your Promotion Expiration Date.
Purchases
Yes. You can make purchases up to your available credit limit.
But remember, other balances affect how your payments are applied. We first apply your payments to the minimum payments due for all balances. The portion of any payment that is larger than your minimum payment is an excess payment.
Generally, we first apply the excess payment to higher interest balances. But, if you have a deferred interest promotional balance, any excess will be applied first to the deferred interest balance during the last two months of the deferred interest promotional period.
Statements
Your billing statement is designed to put all the information you need at your fingertips. Whether you receive paper or paperless statements, you can quickly review transactions, see your payment information and view all the details of your promotional purchases. Information about your Reduced APR with Fixed Monthly Payments promotion is found on your statement under “Summary of Promotional and Standard Balances.”
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Minimum Payment Due
Make at least the minimum payment due each month by the due date shown.
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Transactions
Summary of your payments and any recent transactions.
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Summary of Promotional and Standard Balances
An overview of your promotional purchases.
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Initial Purchase Date
When you made the purchase. Interest accrues from this date.
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Promotion Expiration Date
Pay your promotional balance in full by this date.
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Accrued Interest
The amount of Interest accrued at your Promotional APR from the date of purchase.
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Interest Charged
The amount of Interest you are charged is based on your Promotional APR and the current billing period.
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Outstanding Balance
The remaining amount you need to pay in order to pay off your promotional balance.
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Minimum Payment Due
The minimum amount you need to pay by your due date.
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Interest Charge Calculation
Shows the APR of the interest on the Reduced APR with Fixed Monthly Payments promotional balance. Your Standard Revolving APR for non-promotional purchases is also shown here.
There are two ways you may receive your monthly billing statement.
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Online
Enroll in paperless statements or view your statement any time at myonlineaccount.net
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By Mail
You will receive a paper statement in the mail every month unless you enroll in paperless statements.
