We often see a lot of 0% interest rates in malls, shops and more. This is truly eye catching and even more enticing. Simply imagine being able to have your most coveted smartphone in a jiffy yet you won’t pay it yet. Instead you will be paying it on a monthly basis.
Alas, there’s no need for you to pay the item in full because you can just pay it monthly for X number of months. You might exclaim that this is the best way for you to save money. Well is it?
The 0% interest rates are typically pushed by our credit card banks. The deduction would be credited to your credit card and the bank would pay the store and you in turn would pay your credit card bank. Though it may sound like a no-brainer decision to simply grab this option since you know for a fact that your credit card can still be able to sustain it however, this is not simple as you think. Truly the 0% sign up there is enticing and teasing us to use it. However, let us dissect this to the core. Continue reading The 0% Interest Rates: Should You Grab It?