Re:Why is everyone a bank?
by kaushikktiwari on Monday November 18, 2019 @04:02PM
(#21568108)
Access is the big one, risk-averse because of being burned in the past. Even missing a single payment means 25% APR+late fees, so likely to not put everyday expenses on credit. Use it more for planned stuff, like travel etc. The biggest irony is credit card rewards are a tax on the poor for the rich---merchants jack up prices for all but the rich spend and benefit!
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