US consumers who participated in a 0% interest promotion on a store-branded credit card and were charged an interest fee will want to obtain more information about a potential class action lawsuit in regards to this practice.
Some stores branded credit cards offer 0% interest when a large purchase is made (this is more commons with big ticket items such as electrical applicants or home furniture. The ad camapign for these type of promotional offers are something like “No interest if paid in full.”
If the credit card is not paid off on time or one payment is made late, customers end up facing these finance charges based on the full purchase amount, not the remaining balance. Buyers are usually not aware they are paying interest on the full purchase price.
If you purchased an item under the 0% interest credit card promotion and were charged an interest fee you may be a victim of deceptive store card fees or interest charges.
Some of the major players in the retail industry being investigated for this practice includes Amazon, Apply, Best Buy, Kohls, Nordstrom, Office Depot, Sears, and Walmart (among others).
Free Case Review
Did you pay high interest charges on a store credit card even though you participated in a 0% interest or deferred interest program? Please fill out the form below for a free no cost case evaluation.
Please include the store name that offered the 0% interest program in the case details below.