Regions Help & Support
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.