NORFOLK -- If you're applying for a credit card to shop this holiday season, CardHub says don't fall into the deferred interest trap.

According to the consumer advocacy group, with deferred interest, paying off your debt one month behind schedule could make your financing 27 times more expensive.

About 70 percent of retailers offer financing and the best deals are the ones without deferred interest and that are transparent about their policies.

Target, Nordstrom, Gap and Office Max are among the major retailers earning high marks for the financing options.

Click here for a look at the complete CardHub deferred interest study

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