Re:Credit Card Points Are a Transfer from the Broke to the C...
by B1FF_PSUVM on Friday July 17, 2026 @09:15PM
(#48954167)
> make a lot of money off of interest
Looking at the debt numbers (something like 150 billion over 90 days delinquent) that may not even be the case, if you cover unpaid defaults with interest paid.
The mentioned idea of capping interest at 10% would probably mean credit cards not being issued to a large swath of the population.
Looking at the debt numbers (something like 150 billion over 90 days delinquent) that may not even be the case, if you cover unpaid defaults with interest paid.
The mentioned idea of capping interest at 10% would probably mean credit cards not being issued to a large swath of the population.