I’ll take fee based cards over (((interest rates))).
I'd rather have the interest rate, since I don't carry debt. The rate could be 100% and I'd never know.
Borrowing is a necessary evil, at times. It should be a last resort, especially in a sound money (full reserve) economy.
However, (((compounding interest))) is a deception, and it lulls borrowers into complacency in their debt repayment, yielding the lenders more than 200% of the amount borrowed in the case of mortgages.
Establishing fees and capping interest ROI for lenders at a fixed amount discourages lending, which, in turn, diminishes and even eliminates debt.
(((Lenders))) like deceptively low interest rates with minimal fees to trap their prey.
People have been conditioned to live well outside their means.
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