Why is credit card interest so high? Is the market competitive? Why not more price discrimination?
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@St_Rev do you mean on fees charged to vendor? -
@simplic10 Yeah. It's like a hidden 2% (or whatever) tax. That adds up fast. -
@St_Rev but you would think you could attract rich w low interest & make money skimming anyway. But seems to be ~20% across the board. -
@St_Rev I suppose you could argue HELOC is that product. But no grace period so unattractive for consumer spending.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.