Reply #39: Bonus for the Banks: People will charge MORE!

[the other one]

If a person is living paycheck to paycheck, they will have less free cash after making their credit card payment, THEREFORE, they will have to charge items they might not have previously. As the credit card companies make 3% on every purchase, this should boost their profits becuase of the increases in purchases, the higher average balances earning interest, and the increased number of assessed delinquency fees because of general inability to make higher minimum payments.