103k views
4 votes
Explain how using a credit card can be similar to
getting an interest free loan

1 Answer

5 votes

Answer: Credit cards can easily work as a short-term loan, but cards that offer 0% APR for a limited time have the potential to be “free.” The key to using a credit card as an interest-free loan is making sure you can pay every cent of your balance off before your card's introductory offer ends.

Step-by-step explanation:

User Nate Pope
by
7.2k points