this post was submitted on 25 Oct 2023
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[–] givesomefucks@lemmy.world 22 points 11 months ago (1 children)

Predatory as fuck too.

I remember when I was 18 at college there was constantly Credit Card companies setting up tables right off campus giving out free stuff if you signed up for a card.

I signed up for them constantly under my parents address and told them to cut up any credit cards that came in the mail. Took over a decade before any were closed due to inactivity but in the meantime I had an 800 credit rating right out of college because I had a crazy balance of unused credit.

I think I had north of 20k available between all the cards, just never used them because interest was like 20%.

It would have been very easy to fuck around and waste a lot of money.

[–] Nougat@kbin.social 5 points 11 months ago

Unless the card comes with a yearly fee.