Regions Help & Support
FAQ
If I have a Term It plan, can I avoid being charged interest on new purchases?
If you have a Term It Plan, you generally will not be charged interest on new purchases when you pay both of the following by the Payment Due Date shown on your monthly account statement:
- The Adjusted New Balance – This is the total outstanding balance owed on your account minus any balance owed on Term It Plans.
- The Total Plan Payment – This is the combined total of all Term It Plan Payments that are currently due on the account.
There is no grace period for a new purchase that is placed in a Term It Plan.