The average American carries $6,000 in credit card debt at 21% interest.

Minimum payment: $120 a month.
At minimum payments only that $6,000 takes 6 years to pay off.
Total repaid: $10,800.
You borrowed $6,000.
You paid back $10,800.
$4,800 straight to the bank for nothing.
And that’s if you never use the card again.
Most people do.
So the balance never moves.
The interest compounds.
The minimum payment barely dents it.
The bank books it as profit.
Credit cards aren’t a convenience.
They’re a subscription to debt designed to never end.
And the people who need them most are the ones who can least afford the interest.
$4,800 in fees to borrow $6,000.
And they put a cashback rewards sticker on it and called it a benefit.