News Hong Kong Property & Finance

credit card cash instalment plan - is it worth it?

ORIGINAL POST
Posted by timber 11 yrs ago
I've been offered a cash instalment plan from my bank where I borrow the money through my credit card. I've talked to their people who tell me I'll pay a much lower interest rate.


However, I'm confused. Won't I just be increasing my debt load by the amount of cash that I borrow? How does that improve things?


Can anyone elaborate on whether these plans are worth it?


thank you

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