Re:Anatomy of a credit card rewards program
by naniwaduni on Friday April 05, 2024 @03:43PM
(#39946327)
They would not. One man's "usurious" debt is another's "wtf why do rich people get interest rates under 1% of payday loan offerings" (not in those terms).
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Re:Anatomy of a credit card rewards program
by NovemberWhiskey on Saturday April 06, 2024 @03:01PM
(#39954575)
... and the answer to that is the charge-off rate on a prime credit card portfolio is currently around 2%, whereas it's 55% for payday loans.