Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.
  • Mr_Blott@feddit.uk
    3·
    1 month ago

    I commented once about what a ripoff credit cards are and how they haven’t really taken off in other countries because they’re basically a scam.

    I got verbally attacked by people telling me how great they are because they give you cashback

    They genuinely thought the credit card company was giving them free money lmao

    Basically the financial wherewithal of Liz fucking Truss

    • henfredemars@infosec.pubEnglish
      1·
      1 month ago

      It’s a system designed to prey on vulnerable people. The world would be much better off without these cards.