Samsung Financing Program Frequently Asked Questions
How do I know when my first payment is due?
A billing statement will be sent or made available to you after your first purchase using the Samsung Financing Program Account. The billing statement will include your payment due date. Your payment due date will be at least 21 days after the statement is sent or made available. You will also receive account information details by mail from TD Bank within 7-10 days of being approved for an account.
How do I make a payment to my Samsung Financing Program Account?
You can make payments to your Samsung Financing Program Account issued by TD Bank in 3 convenient ways 1) online via myonlineaccount.net; 2) by phone via automated touch-tone bill payment by calling 1 (888) 382-6665; 3) by mail sent to the address designated on your monthly billing statement. See your Cardholder Agreement for more details.
How do I know how much to pay each month?
The minimum payment due is located in the Payment Information section of your billing statement. If you have made multiple purchases and you would like to understand the minimum payment for each promotional plan, that information can be found in the Summary of Promotional and Standard Balances section of your statement. Each of these minimum payment amounts are added together to equal the required minimum payment due on the account. If you have any balances on your account as a result of a late fee or other charge, or a past due amount, those amounts will also be included in the total minimum amount due for that month. You are required to pay at least the minimum payment due each month on your account. See also your Cardholder Agreement for more information about how the monthly payment is calculated. Your payment due date will be the same date each month. If you are mailing in your payments please allow at least 7 days to ensure your payment is received in time.
What special financing offers are available with Samsung financing?
There are generally two types of special financing offers that may be available: 0% APR with Equal Monthly Payments1 and Deferred Interest/No Interest if Paid in Full2. The offers may not be available at all times and may be subject to qualifying purchase requirements. The qualifying purchase requirements may include select products, minimum purchase amounts and other restrictions. The specific terms are provided in the offer and at the time of the applicable transaction. For more information on these offers, see below.
What is a 0% APR with Equal Monthly Payments1 financing offer?
For this financing offer, the interest rate is 0% APR on qualifying purchases until paid in full. The minimum monthly payment is based upon the 0% APR, the number of months in the offer and the purchase amount. If all payments are made on time, the payments will pay off the promotional balance by the end of the promotional period. The total amount of such payments will not exceed the eligible purchase amount. If you do not make at least the required minimum payment by the due date, you will be assessed a late fee.
What is a No Interest if Paid in Full2 financing offer?
For this financing offer, interest starts from the date of the qualifying purchase but is deferred during the promotional period. The interest rate is the standard APR for Purchases. If you pay the full promotional balance before the promotional period ends, the deferred interest is waived. If you do not, the deferred interest is charged. After the promotional period ends, the standard APR applies to any remaining promotional balance and the charged interest until these amounts are paid in full. The minimum monthly payment is based on the standard minimum payment for the account. If you do not make at least the required minimum payment by the due date, you will be assessed a late fee. Minimum payments will not pay off the balance on time. You must make larger payments to avoid the interest. For this type of offer, advertised monthly payments, if any, are greater than your required minimum monthly payment and excludes taxes, delivery or other charges.Generally, monthly payments in excess of the minimum payment are first applied to higher interest account balances (and not to your deferred interest promotional balance). However, during the last two months of the promotional period, excess payments are applied to the remaining deferred interest balance.
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1 0% APR for 18 or 24 Months with Equal Payments: Available on select products on Samsung.com charged to a Samsung Financing Program Account. Minimum purchase: $1000 for 18-month, $500 for 24-months. 0% APR from date of eligible purchase until paid in full. Monthly payment equals the eligible purchase amount multiplied by .05556 for 18-month offer or .04167 for 24-month offer, and rounded to the nearest penny. Last payment may be less. Total amount of payments will not exceed eligible purchase amount. Other transactions and fees affect overall minimum payment amount. Advertised payment amount excludes taxes, delivery or other charges. Limited time offer. Regular account terms apply to non-promo purchases. Minimum interest charge: $1. Standard Purchase APR: 29.99%. Prior purchases excluded. Account must be in good standing. Subject to credit approval. Samsung Financing Program Account issued by TD Bank, N.A.
2No Interest if Paid in Full within 6 or 12 Months: Available on purchases on Samsung.com charged to a Samsung Financing Program Account. On purchases of $250 to $499.99 for 6-month, $500 or more for 12-month. To avoid interest, you must pay the full promo balance before the promo period ends. If you do not, we will charge interest from the purchase date at the standard Purchase APR. After the promo period ends, the standard APR also applies to the remaining balance and the charged interest. You are required to make minimum payments, but minimum payments will not pay off the balance on time. You must make larger payments to avoid the interest. Advertised monthly payment, if any, is greater than your required minimum monthly payment and excludes taxes, delivery or other charges. Limited Time Offer. Regular account terms apply to non-promo purchases. Minimum interest charge: $1. Standard Purchase APR: 29.99%. Prior purchases excluded. Account must be in good standing. Subject to credit approval. Samsung Financing Program Account issued by TD Bank, N.A.
