Deferred-Rate Cards Can Be a Ticking Time Bomb

Pay off deferred-rate cards before the low rate expires.

Time bomb with credit card isolated on orange background. 3d illustration
(Image credit: Getty Images/iStockphoto)

If you opened a retail credit card with a deferred-interest plan to save on your holiday shopping, be sure to pay down your balance well before the no-interest term expires. Otherwise, you’ll start 2019 in a world of hurt.

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Miriam Cross
Associate Editor, Kiplinger's Personal Finance
Miriam lived in Toronto, Canada, before joining Kiplinger's Personal Finance in November 2012. Prior to that, she freelanced as a fact-checker for several Canadian publications, including Reader's Digest Canada, Style at Home and Air Canada's enRoute. She received a BA from the University of Toronto with a major in English literature and completed a certificate in Magazine and Web Publishing at Ryerson University.