"A Reddit user highlighted that the average repayment time for store card purchases is six years, primarily due to high interest rates."
"Using credit cards with '0% Intro APR' periods can help consumers pay off their debt much faster and potentially save them significant amounts of money."
A Reddit user revealed that individuals using store brand credit cards can take up to six years to pay off a single purchase, largely due to high APRs of around 29.99%. Paying only the minimum balance on credit card bills significantly slows down debt repayment. However, using credit cards with introductory 0% APR offers can help consumers eliminate their debts more swiftly and economically, saving them potentially thousands of dollars if managed appropriately.
Read at 24/7 Wall St.
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