How 0% APR credits make money?

pe1uca@lemmy.pe1uca.dev to No Stupid Questions@lemmy.world – 58 points –

I mean, the price of the product is the same, I'm taking a loan for the duration of the credit but paying no interest?
What's the catch?
I can keep my money making a bit of interest instead of giving it right away and without increasing the price of what I was already planning to buy. When or why wouldn't I choose 0% credits?

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This is why gas is sometimes cheaper when you use cash or the gas station's own card. We pay the credit card companies to use their card on these transactions.

Partially the reason. I've seen between $0.10 and $0.30 per gallon more for credit cards even though merchants only charge <5%. At $4.00/gal, 5% is only $0.02 that they're paying the credit card companies so they're making extra profit off that too.

5% of $4.00 is $0.20. Think of it as 5 cents per dollar.