2033: What Does Zero Percent APR Really Mean? by Jamie Cattanach

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 17 September 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jamie Cattanach of Money Mini Blog tells us what 0% APR really means Episode 2033: What Does Zero Percent APR Really Mean? by Jamie Cattanach Kalen Bruce is the founder of MoneyMiniBlog. His story is simple… he and his wife were $24,000 in debt and became a student of finances to get out. They are now debt-free and building wealth. Kalen shares everything he has learned on his blog, writing informative, entertaining, mini blogs to help you with your finances. Finances can be intimidating, so he keeps his posts short, sweet, and simple. The original post is located here: https://moneyminiblog.com/credit-cards/0-apr/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2033.
0:04.8	What does 0% APR really mean?
0:08.3	By Jamie Catanac with MoneyMiniBlog.com, and I'm your host and personal finance enthusiast,
0:15.0	Diana Mariam.
0:16.5	For now, let's get right to today's post and start optimizing your life.
0:25.2	Click to 0% APR really mean, by Jamie Catanac with MoneyMiniBlog.com.
0:33.2	Maybe you're at the mall, tempted by a pair of killer new knee highs, or maybe you're
0:38.1	at your kitchen counter, flipping idly through the mail.
0:41.9	In either scenario, the same scene unfolds.
0:45.2	You see an offer for a new credit card making all sorts of outlandish promises, a quick and
0:50.6	easy way to get what you want right now.
0:53.8	If among the laundry list of enticements is the following phrase, printed in bold toward
0:58.8	the center of the ad copy, 0% APR.
1:04.2	You vaguely understand that this means you don't have to pay interest, but not much else.
1:08.9	The pretty couple on the flyer is all smiles, enjoying a casual walk on some beach where
1:14.6	billowing white linen is apparently standard uniform.
1:18.0	I mean, why would you not sign up immediately?
1:21.5	It's basically free money, right?
1:23.8	Not exactly.
1:24.8	Here's what you need to know before you sign up for that great looking credit deal.
1:30.1	How does credit card interest work?
1:33.2	Let's start at the beginning.
	...

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