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Alright, here’s what I’m trying to wrap my head around: so, at Target, you can grab stuff using a credit card on a 2 to 12-month installment plan with zero interest and no extra fees. Now, if someone went ahead and financed a room at $1733 over those 12 months, is the bank actually going to hit them with any hidden interest charges on top of that monthly $144 chunk?
So, I’ve got a question brewing and if anyone actually knows their stuff, please hit me up.
I was at the store picking up a bag from $333, and they offered this option to pay using a Bill Gates card in three installments. Just a heads-up though—the shop doesn't have that sweet deal where you can split payments into 2 to 12 interest-free chunks through the card provider. So, I just swipe my card, and basically, I'll be paying off $111 over the next three months. Now, here’s the kicker: does the bank jump in and slap me with interest fees? And if they do, how much are we talking about? Can someone please break down this whole "interest rate" nonsense for me? Every time I walk into the bank, the staff acts like they're speaking a foreign language, wrapping everything up in all this vague corporate jargon, and by the time I walk out the door, I’m left totally clueless about what I actually owe.