Question about Newegg Preferrred Account

[Gazza1]

When they say "Enjoy No Payments + No Interest if paid in full in 12 Months"

Does that literally mean you don't have to make any payments every single month for the first 12 months, or just no interest if you pay in full by the 11th month.

[1715468757]

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[1715468757]

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[b!z]

http://promotions.newegg.com/Newegg/PA110708/

This should explain it better:

>If you don't want to pay before the promotional period ends, you will owe interest that has accumulated at an Annual Percentage Rate (APR) of 25.99% starting from the posting date (which is usually within a few days after the purchase date).

>The accumulated or "deferred" interest will be added to your account balance when the promotional period for this purchase expires, if the balance is not paid in full.

>Deferred interest amounts and expiration dates are available on your statement and online - so you can stay in control of your money.

[Gazza1]

Thanks, I had previously read all of that, I just wanted to get some feedback from those who have used the promo and make sure there wasn't some hidden fine print or the likes.  

[Kluge]

Looks pretty shit-free, though the wording here confused the Hell out of me at first:

"l. (User agrees to) pay for any unauthorized purchases made with the Credit Card before you notify us that the Credit Card was lost, stolen or possibly used without your permission. Your liability for unauthorized purchases is the least of (1) $50.00, (2) the total of unauthorized purchases made before you notify us, and (3) the amount for which you are liable under applicable law. You may give us notice by telephone or in writing in accordance with the section of this Agreement called "Notices and Customer Service."

I couldn't understand why a user would agree to pay unauthorized charges before notifying the credit card company (rather, that they MUST pay before notifying the company). Still an awfully worded clause, though. Assuming state law doesn't conflict, they'd be liable for the unauthorized purchase total or $50 since it's impossible to notify them of an unauthorized purchase before it happens (2).