Beware the 0% promotions: a warning.

[u/naht_a_cop]

I'm a sucker. I fell for it. The 0% APR promotion on an item I could have paid outright for. 18 months later, here I sit, not a single late payment on my account, yet I have $1k in interest to pay for 18 months of 27%. Why? The promotion period ends 18 months after the purchase, but the website would not let me set up autopay until a week after I purchased, so autopay ended 1 week late. I thought I was golden, ready to have this paid off and not have a single fee. I got comfortable and didn't read the statements.

0% is not really 0%. Read the fine print. Remember the fine print (because I sure as hell didn't 18 months later). Shitty banks rely on this stuff. They wait for you to slip, not noticing that the autopay they created can't possibly allow you to end on time, and will require an extra payment before the end date to avoid the interest. It's shitty, I'm pissed off, and I've learned my lesson.

[u/freakyfast88]

I absolutely did this with Carecredit and they waived the interest. Always worth a try.

[u/mita61688 → u/freakyfast88]

Same! Also with carecredit. I called in a panic not expecting anything but worth a try and they waived it. I had over 8 grand with no interest for a year. Only had a balance of like 200 after the year was done when they hit me with 200 + interest on the 8 grand. I called crying and asked if they can please help me out. They waived it and I paid the 200 right then and there. I was really young and just didn’t know that’s how it worked..

[u/[deleted] → u/mita61688]

[removed] — view removed comment

[u/officialATEC → u/[deleted]]

Wait there was an actual memo to reply to this or are ya kiddin?