Hey all, first of all I don't have any credit cards so I have no idea how the card works.

I have one question though..

Is it really with credit card we can buy things with 0% interest with 6-12 month installment?

Is it means if I pay the installment every month on time, i will not charged on interest at all?

If this is true, is it save to say that with credit card, we can actually borrow from bank with no interest at all?

So if this true, how bank gonna make money out of me?

Thank you for your explanation.

So the 0% interest installment plan really, absolutely means 0% interest? No hidden charges what so ever?

Does it make you wonder why the bank come out with credit card and the 0% interest benefits etc if it doesn't give them profit?

So instead of applying for loan from the bank which guarantee comes with interest, I just can apply 4-5 credit cards, use them and convert plan to 0% interest?

Hehe sorry if I sound stupid here. I agree with the bold part and aware that not all stuff can be bought with 0% interest.

There are someone I know who use credit cards to make his own business. 4 years ago when he do not have any money to buy his first property, he apply about 6 credit cards, use the cash from the cc to pay the downpayment. To date he have almost 20++ properties with almost 5 million investment portfolio.

This is just one in a million example that use cc to do business.

Thank you. Good info event though I had a hard time digesting the info.

If I have cash and the credit card really can give me 0% interest, why not?