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A comment on Goldman and Apple 'illegally sidestepped' obligations to credit-card customers. Parent comment

Re:Goldman and Apple 'illegally sidestepped' obligations to ... by kbolino on Wednesday October 23, 2024 @03:39PM (#41928605)
There's actually a term for this: charge card. Some American Express cards still work this way (i.e., you must always pay in full on time).
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Re:Goldman and Apple 'illegally sidestepped' obligations to ... by Kirby64 on Wednesday October 23, 2024 @03:49PM (#41928696)
No. The financing Apple is offering is typically 12 months split into 12 separate payments. That is 0% financing and not a 'charge card' style. You're still getting 11 months of delayed payments, unlike a charge card where everything is due once a month from the previous month of the card.
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Re:Goldman and Apple 'illegally sidestepped' obligations to ... by kbolino on Wednesday October 23, 2024 @03:53PM (#41928729)
Fair enough, I was just noting that "delayed debit card" has a proper name.
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