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0 pointssofixa3y ago0 comments

> How do credit cards provide 60 day interest free loan with only 0.3% charge to the merchants

They don't. They're rare, only do 30 days, and are often paid (you pay monthly/yearly for the pleasure).

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adrr3y ago

30 day billing cycle with 30 days to pay. Between 30 days and 60 days before payment.

Not how they work in EU countries i know of (France and Bulgaria). You have a 30 days billing period, and then around a week to pay.

j / k navigate · click thread line to collapse

adrr3y ago

30 day billing cycle with 30 days to pay. Between 30 days and 60 days before payment.

sofixaOP3y ago

Not how they work in EU countries i know of (France and Bulgaria). You have a 30 days billing period, and then around a week to pay.

j / k navigate · click thread line to collapse