> Im not sure where this incredible fear of CCs comes from. It literally doesn’t matter what the APR is unless you’re irresponsible. That's exactly where the f

> Im not sure where this incredible fear of CCs comes from. It literally doesn’t matter what the APR is unless you’re irresponsible. That's exactly where the fear comes from. Credit cards are really a test of financial self control, and a lot of people have really poor self control. Many people also don't seem to truly understand how interest works, they just see easy access to money in exchange for a monthly payment that they can afford. Credit card companies have also intentionally targeted people with poor financial literacy. When I was high school and college (late 90s/early 2000s) it was really common for companies to set up booths on college campuses offering credit to kids who had little or no understanding of what they were signing up for and no source of income. I think regulations were eventually passed after some public outrage in response to news stories about college kids wracking up five figures of CC debt with no means to pay it off.