Perhaps the answer isn't in charging lower interest rates, but in requiring minimum annual incomes of say $75K/yr or more. Then people can't use the "I'm in the low income category and being robbed by interest charges" excuse.--------------------------------I will also pipe in and say that if $75K is the required amount to obtain credit, then I would never have credit and subsequently never have the chance to build up good credit... sort of a catch-22 in that regard.I'd also like to say that I've known those with lower incomes abusing credit cards but lets put that into perspective and say that higher incomes do the same thing. My ex made three times as much as I ever did and did nothing but spend, spend, spend. He pushed us into the six digit range and yet I'd not consider him to be responsible because of that... quite the opposite I might add.Now that I am living alone I am considered low income. But in that regard my highest credit card sits at less than 5% APR and I enjoy responsible management because over the years I have learned that I can't spend what I don't have and as a result, I am careful with my spending.So what may sound really good on paper isn't actually what exists. I hope that not everyone puts us so carefully into what would be considered that nice and neat box.CaveGirl
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