3 ms·
> split payments into four equal interest-free installments So you'd pay exactly the same amount of money, but spread into the future instead of all up front?
by josephcsible 2y ago
> split payments into four equal interest-free installments
So you'd pay exactly the same amount of money, but spread into the future instead of all up front? Isn't this a no-brainer that everyone should always do, so that you're earning interest on the money in your bank account longer? And how can they afford to provide that?
- aaronbaugher 2y agoI haven't read their fine print, but usually with interest-free offers, the catch is that if you're ever late on a payment, you get hit with a relatively huge late fee, or your interest rate gets switched from 0% to whatever the highest rate allowed is. I think that's how they afford it: counting on enough people to end up paying interest or fees after all.