How 0% APR credits make money?

pe1uca@lemmy.pe1uca.dev to No Stupid Questions@lemmy.world – 56 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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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.