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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byMobileTatsu-NJG ( 946591 ) writes:
I went to an Apple Store purchase an iPad with an Apple Card last year, I wanted to take advantage of paying it off within a year no interest. At the moment of checkout Goldman declined me and wouldn't tell me why. After two days and several scattered phone calls they claimed that it was unusual activity on my account. I pointed out to them that I had successfully purchased and paid off 3 other items on the same payment plan, and that their assertion that my activity was unusual was absurd.
I'll spare
byAnonymous Coward writes:
I'm greatly looking forward to Goldman getting out of the picture.
No offence, but maybe you should look at getting credit out of your life. I've never even considered buying electronics without first having the money to do so.
byMobileTatsu-NJG ( 946591 ) writes:
Who says I didn't have the money to do so? I didn't go into that at all. But since you're curious I'll explain: Yes I had the money to buy one outright, but an interest-free loan was available and I took advantage of it. Had I purchased it outright, then had an expense outside of that like a car-repair, THAT would have had to come out of my interest-charging credit card and ... while I didn't actually check on it, I'm pretty sure Apple/Goldman would not have given me a similar payment plan for the car
bydgatwood ( 11270 ) writes:
Who says I didn't have the money to do so? I didn't go into that at all. But since you're curious I'll explain: Yes I had the money to buy one outright, but an interest-free loan was available and I took advantage of it. Had I purchased it outright, then had an expense outside of that like a car-repair, THAT would have had to come out of my interest-charging credit card and ... while I didn't actually check on it, I'm pretty sure Apple/Goldman would not have given me a similar payment plan for the car repair.
Even in the case where you have the money, as long as you are careful not to get into debt over your head, there's absolutely no rational reason to turn down an interest-free loan. Anything else you do with that money in the interim other than spending it is pretty much guaranteed to be a better use of the funds.
Even if all you do is keep the money in your bank account for that year, you've earned interest on the money (or at least a diminishing portion thereof) over that whole year, so you are better off
bykenh ( 9056 ) writes:
Even in the case where you have the money, as long as you are careful not to get into debt over your head, there's absolutely no rational reason to turn down an interest-free loan. Anything else you do with that money in the interim other than spending it is pretty much guaranteed to be a better use of the funds
Last year I bought an EV with 60 month, zero interest credit. I didn't want a loan, I was prepared to pay cash, but that zero interest loan for 5 years was too good to pass up. Occasionally I consider paying a little extra to bring down the loan balance, but then I realize doing that just reduces the benefit of the zero interest loan.
I'll probably pay it off early someday, but zero interest on a major purchase is very appealing.
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byfropenn ( 1116699 ) writes:
Last year I bought an EV with 60 month, zero interest credit.
If they have a cashback offer vs. a low-interest loan offer, the cashback offer is always the better deal, especially if you have the cash to pay for the car upfront.
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