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Catalogues & their Interest Free Periods

When you purchase items through an online catalogue, you will be offered the chance to spread the cost of your purchase over a set period of time, and make repayments on a weekly, monthly, or quarterly basis. This can have a number of benefits for you as a consumer, and will enable you to budget effectively and control your finances. You will also be able to have an items you order delivered directly to your door - ideal if you are purchasing a gift for a friend or family member.

There are several online catalogue companies that offer this form of credit, and you will be able to contact a member of staff to discuss the different repayment options available to you. Here we provide you with some tips when opening a new credit account with a catalogue company, with focus on the interest free periods available.

What interest free periods are available through online catalogues?
Many of the large online catalogue companies allow you to make repayments in a number of ways, for example over the phone or by logging into your online account on their website. Some companies - like Next or BrightHouse - have several high street stores throughout the UK as well, and you may be able to pop into your local branch and make a repayment.

You will receive a monthly statement from the company when a payment is due, outlining your remaining credit balance, a list of any items you have purchased since the previous billing period, and the minimum repayment you will need to make.

Many catalogue companies offer interest free credit if you pay for the cost of any items you ordered within a certain time period. However, if you do not pay for your item during this interest free period, you can expect to pay a higher level of interest.

The company may also charge you for any late or missed payments. You may want to do your research and find an online catalogue company with a competitive rate of interest and a number of flexible repayment options.

Applying for a new credit account
You will need to provide the online retailer with some details about yourself in order for them to process your application for a new credit account. This can include your name, contact details and the delivery address where you want an item to be sent to in the post.

You may also need to show some additional documentation in order to further your application, such as photographic ID to prove your identity.