Terms and conditions
Retail shoppers require a minimum $150.00 purchase to open an account and take advantage of current promotional pricing. Wholesale orders require a minimum $500.00 order to open an account and take advantage of promotional financing. Promotional financing offers are only offered on the initial purchase and account application.
One or more of these credit promotions may be available on qualifying purchases made with your Synchrony Bank credit card account/Private label Patrick Lose Studios. Check with your merchant for the specific promotion offered for your purchase. NO INTEREST IF PAID IN FULL WITHIN PROMOTIONAL PERIOD (Deferred Interest) The length of the promotional period will depend on the specific promotion offered by merchant. Interest at the rate of 29.99% will be charged to your account from the date of purchase if the promotional purchase is not paid in full within the promotional period. To avoid late fees, you must make your Total Minimum Monthly Payments by the due date each month. These Minimum Monthly Payments may or may not pay off the promotional purchase before the end of the promotional period. To make sure that you are not charged the interest accrued at 29.99% you must pay the total promotional purchase amount within the promotional period. What is a Revolving Credit Card? A credit card with a designated credit limit that can be used over and over to make purchases at any location where the card is accepted. What are credit promotions: (aka “special promotional financing”)? There are numerous types of special promotional financing offers that may apply to specific transactions. Not all of these types are available at every merchant who accepts the card, or for all purchases within a merchant location. Please refer to the advertising or offer disclosures provided to you at the point of sale for further information about special promotional financing offer(s) that may be available for a particular purchase. The terms of your credit card account agreement apply to any purchase; however, any different terms for special promotional financing offers will be explained on advertising or other disclosures provided to you.
NO INTEREST (Equal Payments)** • The same equal payment amount is required monthly. • The amount of the equal payment is calculated by dividing the purchase amount by the number of months in the promotional period. • If payments are made on time, the purchase will be paid off by the end of the promotional period. • No interest will be charged on the promotional purchase. • You do not have to pay interest on this type of promotion. • If you do not make a payment on time, you will be charged a late fee (see terms for details). REDUCED INTEREST RATE (Fixed Payments)** • The same fixed payment amount is required monthly. • The payment amount is calculated based on the amount of your purchase, taking into account the interest rate that applies to the purchase and the length of the promotional period. • If payments are made on time, the purchase will be paid off at the end of the promotional period. • The interest rate for the promotional purchase is specified in the advertising and will not change. • Interest is charged from the purchase date and cannot be avoided. • If you do not make a payment on time, you will be charged a late fee (see terms for details).
Annual Percentage Rate (APR) for Purchases 29.99% Paying Interest Your due date is at least 23 days after the close of each billing cycle. We will not charge you any interest on non-promotional purchases if you pay your entire balance by the due date each month. We will begin charging interest on promotional purchases on the purchase date. Minimum Interest Charge If you are charged interest, the charge will be no less than $2. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. Fees Penalty Fees • Late Payment • Returned Payment Up to $39. $28 How We Will Calculate Your Balance: We use a method called “daily balance.” See your credit card account agreement for more details. Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your credit card account agreement. The information about the costs of the card described above is accurate as of May 1, 2019. This information may have changed after that date. To find out what may have changed, write to us at P.O. Box 965033, Orlando, FL 32896-5033. This application and the credit card agreement will be governed by federal law, and to the extent state law applies, the laws of Utah. Subject to the requirements and limitations of applicable law, we may change, add to or delete any of the terms of the agreement, including the interest rates, fees and charges and we will send you notice as required.