No. Deferred interest refers to a type of financing where you make the interest payments at a later date. The card issuer defers interest until the date listed within the financing terms. Cardholders use credit for the initial purchase, and the interest accrues for this purchase until the postponed date. The full amount of interest that accrued is due at the end of the deferred interest period. You can avoid paying this interest by paying off the balance before the deferred interest payment is due, which is why deferred interest is often confused with a zero percent APR offer. With a zero percent APR offer, you do not owe any interest payments during the zero percent promotional period. Once the zero percent promotional period expires, your variable APR for purchases will be based on your creditworthiness and interest will only start to accrue once the intro APR offer ends.