[SamAdams76]

Credit card companies are on the hook for deadbeats so I can understand the higher interest rates for those are poor credit risks. This is how they claw back the losses they have to take.

People with excellent credit ratings (low risk) benefit with much lower interest rates. In fact, if you are super diligent about paying your cards down each month, you will pay zero interest.

[Silentgypsy]

I was surprised to learn that “deadbeat” is the term for credit card users who pay the entire balance every month, thereby depriving the banks of their usurious fees.