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Almost none low income workers have access to a zero-rate credit card with credit limit available and zero annual fees. Besides that unpaid balance carries int
by fcaballe 5y ago
Almost none low income workers have access to a zero-rate credit card with credit limit available and zero annual fees.
Besides that unpaid balance carries interest.
The idea is to de-risk by bringing their employers into the equation :)
- prepend 5y agoIt doesn’t need to be zero-rate as even a standard rate 15-20% card would be cheaper than this product, right? If credit cards are payed without carrying a balance they are all 0%. So that’s at least 25-55 days depending on when the charge is made.