Is there another type of credit card? I mean…it’s right there in the name: credit.
Virgin Money criticised for encouraging debt by offering a new debt product
wow very insightful
Interesting service for those that are capable of managing debt. One of the annoying problems of 0% cards is that they generally last less than 3 years. Though that is far better than 6 months ofc. But this seems to be less faffy.
But it sounds quite complicated in how it works precisely. Is it per purchase, per period, etc. And how does it debit those amounts if there are several repayments happening at once.
Never go into Credit Cards with a buy no pay later mindset, go into it with “This is easier to use and is a payment buffer between the vendor and my money, a layer of protection”
And they limit how much you can pay off in one payment.
Look, modern credit, debit and debt are outright better than the premodern equivalents. Are you really telling me affording basic necessities via debt is worse than homelessness, debtors prisons or indentured servitude?
But absolutely it’d be better to not need to go into debt at all, but the chances are if you have to then you already had money problems anyway and even a shitty lifeline is better than none
If you have access to debt at 0 % interest it can be useful just now. Buy something that is useful to you now and then pay back the debt later, when inflation has risen, making the size of that debt smaller in real terms.
Wonder if this is the same card that is being heavily advertised here?
It seems to have the same features
If it isn’t then those paying for ads here could learn how to advertise free
Maybe. I shouldn’t comment as I’ve never used any kind of credit card coz it’s quite simply immoral & unwise (both personally and as a civilisation) to buy non-capital goods on credit. YMMV
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So a normal credit card then? I have been making money from 0% purchase credit cards for years, there are plenty of them out there.
12 comments
> buy now, pay later
Isn’t that how all credit cards work?
Quite typical for Brandson innit?
Is there another type of credit card? I mean…it’s right there in the name: credit.
Virgin Money criticised for encouraging debt by offering a new debt product
wow very insightful
Interesting service for those that are capable of managing debt. One of the annoying problems of 0% cards is that they generally last less than 3 years. Though that is far better than 6 months ofc. But this seems to be less faffy.
But it sounds quite complicated in how it works precisely. Is it per purchase, per period, etc. And how does it debit those amounts if there are several repayments happening at once.
Never go into Credit Cards with a buy no pay later mindset, go into it with “This is easier to use and is a payment buffer between the vendor and my money, a layer of protection”
And they limit how much you can pay off in one payment.
Look, modern credit, debit and debt are outright better than the premodern equivalents. Are you really telling me affording basic necessities via debt is worse than homelessness, debtors prisons or indentured servitude?
But absolutely it’d be better to not need to go into debt at all, but the chances are if you have to then you already had money problems anyway and even a shitty lifeline is better than none
If you have access to debt at 0 % interest it can be useful just now. Buy something that is useful to you now and then pay back the debt later, when inflation has risen, making the size of that debt smaller in real terms.
Wonder if this is the same card that is being heavily advertised here?
It seems to have the same features
If it isn’t then those paying for ads here could learn how to advertise free
Maybe. I shouldn’t comment as I’ve never used any kind of credit card coz it’s quite simply immoral & unwise (both personally and as a civilisation) to buy non-capital goods on credit. YMMV
[deleted]
So a normal credit card then? I have been making money from 0% purchase credit cards for years, there are plenty of them out there.