ADI, Melville, N.Y., launched its new credit card for customers with a promotion of 180 days without interest. ADI has been “working on this forever,” said ADI president, Michael Flink. The company previously offered an open account for its customers with 30-day turns, but it had been looking to be able to offer a line of credit that allowed customers to take advantage of sales and more importantly, help with cash flow on projects with delayed payment.
The card offers 180 days or six months deferred interest with a minimum purchase of $2,500. After the six months, 23.99 percent APR applies.