Associate
- Joined
- 21 Jun 2018
- Posts
- 168
How's more hustle to buy something on a credit card that perhaps you already have? I have 0 interest on it, why would I buy anything with money down when I can spread the cost over multiple pays and actually get a "discount" due to inflation plus a nice credit score? In my country we had in 2022 a 13.8% inflation and in 2023 a 10.4% - the official one at least. If I've got something on a 2 years payment plan, right there is a hefty discount!
Just because its 0% interest doesn't mean there isn't a cost. Plenty won't pay with a credit card (debit card charges are much, much lower), so say it costs the retailer 3% for those that use a credit card and typically 1/3rd of customers use one then they would probably add 1.5% to the cost of everything (need to have a bit of leeway in case credit card usage goes up a bit).