Wow, this is mind blowing. 10% interest rates are really, really high in the current state of economy - they don't become a great deal just because there are credit cards with even worse conditions. I don't have a problem with borrowing money when I need it. I'm indebted for the years to come because I needed a 200k loan to buy a house. But that's okay because I'm paying 1.2% APR on it. This is far less money than I would have to pay to rent a house so it's a great deal. I've not even used all the cash I have when buying it because some of it yields higher (guaranteed) interests then what I pay for the loan. So there's still a lot of wiggle room for emergencies. And this is the first time that I hear that you need to have a history of loans to get large loans. What a devious system... I have a VISA credit card too, because it's convenient to pay with, but I don't pay any interest on it. I just pay a flat fee per year for the service and they settle the balance each month by direct debit authorization. (Sorry for the bad english)