People with good credit can always get excellent rates. I’m curious, though...how will people feel when they can’t get credit cards?
What is really interesting about credit cards is that they literally create and destroy “money”.
So, when credit cards reduce credit lines or close cards they are actually reducing the “money supply”.
That is why deflation is possible even when the Federal Reserve is out there creating new “money”.
I would like to think that you are correct but its just not reality.