I have been reading up about this on MSE and I have only just scratched the surface.
Am I right in thinking that the idea is:
1 - you pay for everything on credit card with a 0% interest rate
2- in the meantime you are building up savings in your bank account
3- you pay the minimum amount back each month to pay off the credit card.
Then I get a a little confused.
What happens after the 0% interest rate ends after say 10 months?
What do you do then?
Could someone explain it to me?
Im pretty sharp with money but I am failing to see the real logic behind this as in the end you will have to pay the debt off.