Admiral Patrick

Ask me anything.

I also develop Tesseract UI for Lemmy/Sublinks

  • 43 Posts
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Joined 1 year ago
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Cake day: June 6th, 2023

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  • Usually those are only 0% for a certain period of time. After that, the interest rates are typically higher than average.

    So if you utilize it and pay it off completely during the 0% phase, they really don’t make any money. They make money when you carry a balance past that, or if/when you continue using that line of credit after the 0% period has ended.

    That’s my understanding, anyway, as I have seen 0% APR offers, but they always are for a limited amount of time.

    That, or there’s some kind of massive penalty if you miss a payment or something. Definitely read the fine print lol.