CC companies charge high rates --- 27% you mentioned ONLY the risky customers, namely, those that have failed to pay on time.
"Due a youtube search and a google search to see what’s going on."
People whose knowledge is derived only from Internet searches should not be laughing at other people. Open a book on finance --- any book --- before you continue to spew nonsense:
"The calculations you present are only relevant for poorly managed financial companies...CC companies can’t pick deselect risky credit card users. They can do this. But they haven’t, so now they are punishing good customers by raising rates to ridiculous rates...not 7,9, 11,,,,not even 14 but 27%."
You know, that these statements are silly you could've learned even on the Internet. Apparently, even that you refuse to do thoroughly.
I've got nothing more to add. Have a good day.
Open a book on Finance for that simple and irrelevant calculation that you did?
Funny.