2min chapter

Broken Record with Rick Rubin, Malcolm Gladwell, Bruce Headlam and Justin Richmond cover image

PREVIEW: Against the Rules Season 2

Broken Record with Rick Rubin, Malcolm Gladwell, Bruce Headlam and Justin Richmond

CHAPTER

The Bad Coaching of Credit Card Borrowers

Banks have designed the payment tool to again exploit all these bugs in our brain. So you get points for spending, you get access to lounges, it comes in different colors and metals. You can even get your dog's picture printed on the card, right? They create all of these things that make you want to use it. And that allows banks to substantially overcharge everybody on the interest rates.

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