The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Credit Card Interest Rates

Apr 11, 2022

Have you paid attention to interest rates lately? Most credit cards have rates as high as 24.99%. These were considered loan-sharking rates years ago when the government was trying to bring down the mob.

It’s crazy how the credit card companies charge these exorbitant, predatory interest rates. Most have rates that run as low as 14.99% but who qualifies? For the most part, it’s not the working class. However, who did the finance companies come to for a bailout when Wall Street was in danger of collapse? The “government,” who used taxes paid by the working class for the bailout.

These high interest rates are just another way to keep the working class in debt!