Comment by rrrrrrrrrrrryan
2 years ago
Poor people, actual poor people who are just scraping by, usually have bad credit and cannot get credit cards.
2 years ago
Poor people, actual poor people who are just scraping by, usually have bad credit and cannot get credit cards.
Poor people can always get credit cards. They get constant offers for them. The catch is that they are terrible cards with fees and insane rates. The credit industry is perfectly happy to let everyone get into massive debit. They'll give them to anyone (https://www.mymoneydesign.com/nine-year-old-daughter-credit-...)
Credit cards for those with subprime credit often do not offer reward gimmicks and may even require a deposit and/or annual fee.