Tag: Opinion
Thoughts about the phenomena around
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Citibank Is Turning a Great Middle-Class Credit Card into a Cheaply Wrapped Debt Trap: It Feels Uncomfortably Unethical to Me
The Costco Anywhere Visa has traditionally been a very good credit card for ordinary middle-class households: no annual fee beyond the Costco membership, and substantial rewards precisely where many families spend money: restaurants, gasoline, and travel. Citibank is now trying to attach a different habit to it: financing ordinary purchases through Citi Flex Pay. And…