> There is no reason I should be making 0.0025% on my savings but being charges 19.5% on my credit. Technically there is a good reason. You make so little int

> There is no reason I should be making 0.0025% on my savings but being charges 19.5% on my credit. Technically there is a good reason. You make so little interest on your savings because you are lending money to the bank, which means due to the banks credit rating and CIDC insurance that you are very unlikely to loose your money. When the bank loans money to you via your credit card, they are taking a much much larger gamble. If you go bankrupt there is no CDIC insurance to protect them and give them their money back. Hence the higher interest rate. How big should the spread be? That's an entirely different question:) The