Sobering. Proud of the author for doing some soul searching. I want to know the rough percentage of credit card revenue that is generated by late fees.
I suggest using local credit unions as an alternative to these bigger companies where your 1-5% kickback is funded in part by ethically dubious lending practices.
I want to know the rough percentage of credit card revenue that is generated by late fees.
Me too. I’m sure it’s astronomical.
I have one credit card as a backup to my debit card. (It’s Bank of America.) Exactly as described in the article, I’ve had my credit limit increased, without my knowledge, twice, from 1k to 2k, and then, later to 3k. It annoyed and confused me, both times, and messed up the way I think about my budget.
I need to switch to a credit union. (Hard part is I’m always moving.)
A sobering look into how people at large publicly-owned corporations milk the public for everything they've got, all the while believing they're doing good for the public, not just the shareholders.
Congratulations to the author for realizing this and getting out. More so for attempting to make this public knowledge.
Sobering. Proud of the author for doing some soul searching. I want to know the rough percentage of credit card revenue that is generated by late fees.
I suggest using local credit unions as an alternative to these bigger companies where your 1-5% kickback is funded in part by ethically dubious lending practices.
Me too. I’m sure it’s astronomical.
I have one credit card as a backup to my debit card. (It’s Bank of America.) Exactly as described in the article, I’ve had my credit limit increased, without my knowledge, twice, from 1k to 2k, and then, later to 3k. It annoyed and confused me, both times, and messed up the way I think about my budget.
I need to switch to a credit union. (Hard part is I’m always moving.)
A sobering look into how people at large publicly-owned corporations milk the public for everything they've got, all the while believing they're doing good for the public, not just the shareholders.
Congratulations to the author for realizing this and getting out. More so for attempting to make this public knowledge.
Fascinating. Conversation-worthy, that’s for sure.