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Sounds like you don’t know credit card companies at all. Reckless spending is how they generate a significant portion of their income. If everyone spent wisely,
by oefrha 4y ago
Sounds like you don’t know credit card companies at all. Reckless spending is how they generate a significant portion of their income. If everyone spent wisely, no one would be paying interest any more.
- gambiting 4y agoExactly, it's the opposite of what OP said. With some companies you are actually more likely to be given a credit card if you have demonstrated a shitty spending history, since that's how they make money on you. Paying everything off on time and never accruing any interest is not a way to earn any money.