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Walmart debuts new financing plans

The nation’s largest retailer is introducing special financing for its credit cards that comes with an appealing hook.

The new offer provides no-interest financing plans for the Walmart Credit Card and the Walmart Mastercard Credit Card, with plans extending across either six months or 12 months on purchases. Similar to most plans, customers don’t pay any interest during the promotional period. But the Walmart offer is different from most others in that the interest also does not accrue during the promotional period.

“Whenever we can save our customers money and help remove unnecessary hassle or burden, we do just that,” said Daniel Eckert, senior VP of services for Walmart, U.S., in a blog post on the chain’s website. “That’s why we’ve decided to simplify our special financing offer on the Walmart Credit Card and the Walmart Mastercard Credit Card.”

The new plan comes with some limits. The six-month period has zero interest tied to purchases made in-store at levels between $150 to $298.99, and on 12 months the total comes at a threshold of least $299.
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