QUOTE(xavi5567 @ Jun 22 2018, 08:35 PM)
Bcos bank wan u to spend... As long u spend u commit to pay them... If u no pay then they will charge u interest lor... Tat how bank earn... They earn from those that can't control themselves... Gave u credit limit sky high like 30k...giv u opportunity to commit multiple instalment.. But those gullible 1 suffer lor.. Spend beyond their mean... Can pay installment... Defer.. Deferred.. Ini bank suka...
Exactly. That's how they make money.
QUOTE(heavensea @ Jun 23 2018, 01:15 AM)
I bought my Mi 5 nearly 2 years ago using this 0% scheme. 12 months.
Paid religiously every month without any delay. Truly zero interest. Bank 'hates' me
because so many things I bought on 11street using this 'facility'. Till now, still no interest on me.
Simple rule of thumbs - If you can buy cash and have the cash in your wallet, then put that cash in some short term saving scheme. Buy the item that you need using zero interest. Gradually pay it while earning some dividend from that saving.
If you cant' afford to buy cash, then don't commit to it. Hi chances you'll default the payment and pays hefty interest in return.