#stupidbankingtricks — Public Fediverse posts

So, my credit card says congratulations 🎉🎈 because I qualify \o/ to pay for our $2500 plumbing repair in 6 equal installments with no interest and just a flat $25 fee every month.

With the average balance being ($2500/2 =) $1250 across that timespan , a $25 monthly fee comes to 2% of said balance per month -- which works out to 24% per year, which is... slightly higher than the interest rate they normally charge.

Remind me again why I should want to do this, #USBank? :blobcatthink:​

#stupidBankingTricks