[quote=disneysteve;202831]I think credit cards are different. Bank loans have fixed balances, fixed interest rates (mostly) and fixed repayment terms, plus they are collateralized. If you don't pay your auto loan, they reposess your car. If you don't pay your mortgage, they foreclose on your home. Credit cards have none of those things, plus the terms can and do change AFTER you borrow the money. I think a CC is a whole different animal than a car loan or mortgage.
I agree that cards are different. I was merely referring to banks counting on people to make long term loans. I think the 84 month car loan, that I assume they still do, is about as bad as a cc that's maxed out and takes this long to pay off. You have fixed terms and know the deal going in with the car loan but the bank still makes a lot of money on this deal if you carry it this long.
I'm sure the banks would fight this tooth and nail as the first person to get a cc from a different bank and max out their limit would not now qualify for a new card from another bank.
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