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Episode 3129:
Jamie Cattanach breaks down the truth behind enticing 0% APR credit card offers, revealing how easily they can turn into a debt trap if you’re not careful. By understanding the fine print and developing disciplined repayment habits, you can use these promotions strategically instead of falling victim to them.
Read along with the original article(s) here: https://moneyminiblog.com/credit-cards/0-apr/
Quotes to ponder:
"That 0% APR offer means the card charges no interest, but it’s almost always a temporary deal."
"It’s always best not to spend money you don’t have, anyway, so if you want to open that new line of credit, just pretend it does accrue interest and pay it off in full every month regardless."
"When used responsibly, credit cards can be a fantastic financial tool."
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Optimal Finance Daily - Financial Independence and Money Advice