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Why Buffett Would Hate Nebraska Furniture Mart Credit Card

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The NFM credit card offers a “sucker’s deal” for financing that is contrary to Buffett’s own advice. You need to be warned: this does NOT operate like a regular credit card. The 0% promotions use sneaky “deferred interest” which I will explain in a moment. Over 30 years ago (in 1983) Warren Buffett’s company, Berkshire [...]

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