this post was submitted on 04 Mar 2024
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submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 2 points 7 months ago

The Credit Card Companies get their 2% fee but the banks get their interest rate. The average American owes > $6000 in Credit Card Debt. At your average usury rate of 20% that's $1200 every year for every American. That alot of fuckin money.