[1_Rain_Drop]

Credit card companies are getting filthy rich.
Would it destroy them if they lowered the interest rates?

[roadcat]

Credit card companies are getting filthy rich. Would it destroy them if they lowered the interest rates?

To be fair, they have overhead costs like any other business. And a customer can shop around for better interest rates. Local loan sharks are probably cheaper, because of stronger penalty enforcement than credit card companies.

No one is forcing people to ignore the fine print on a contract.

[blackdog]

The way I see it is that credit card issuers are not getting filthy rich. People fill out rwvolving credit card applications to become extremely poor.

It's not hard to finger out.