Skip to comments.AOC, Bernie Sanders skewer Amazon Prime's new credit card: We 'intend to outlaw it'
Posted on 06/13/2019 11:07:05 PM PDT by knighthawk
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High interests rates are oftentimes offered to people who have lost their credit, or do not have cosigner to mitigate the risk to lenders.
Amazon is trying to allow people who at the moment are unable to shop at Amazon and by giving credit to people, they hope most will at least maintain their cards in good standing.
If these cards have a small credit limit of $500 or $2,000 initially it is a good gamble for the lenders and merchants.
This nation really needs public education on the USD. At present the USD is the only thing you can obtain in the USA without instructions for use printed on it. Everyone one wants your dollar. You have to save a penny to keep a penny every moment of the day, and every single day to keep a penny or any amount of money. People in the USA do not invest nor do they save because they do not understand the value of a single dollar.
Very clever card. Thank you for the laugh.
Now, where can I get this card?...
“deadbats”. Thanks for reminding me of my literary incompetence :) I saw that just as I hit the submit button.
You’re right. No one’s being forced by Amazon to re-establish their credit... People with marginal credit can still go to payday loan sharks and pay over 200% interest...
Then again, like you say - Bernie and AOC can open a business and charge people 5% interest knowing half their customers will default... It’s how the two would run the country - into the ground.
He is. I meant to say west coast types billionaires.
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