return2ozma@lemmy.world to News@lemmy.world · 1 year ago'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gapfinance.yahoo.comexternal-linkmessage-square237fedilinkarrow-up1530arrow-down119
arrow-up1511arrow-down1external-link'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gapfinance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square237fedilink
minus-squarejordanlund@lemmy.worldlinkfedilinkarrow-up1·1 year agoI continually rotate debt through 0% interest deals on credit cards, it’s how I’ve paid for a lot of my home improvements. Paid for a new roof and awning on the house that way, currently paying for solar panels and a large electrical project. If a credit card offers me 0% interest for a year, why WOULDN’T I do that instead of paying cash? I have three different cards now that every time I pay them off they’re like “Heyyyy… here’s some balance transfer checks… 0% until January '25…”
I continually rotate debt through 0% interest deals on credit cards, it’s how I’ve paid for a lot of my home improvements.
Paid for a new roof and awning on the house that way, currently paying for solar panels and a large electrical project.
If a credit card offers me 0% interest for a year, why WOULDN’T I do that instead of paying cash?
I have three different cards now that every time I pay them off they’re like “Heyyyy… here’s some balance transfer checks… 0% until January '25…”