Dave Ramsey Calls Credit Cards ‘Financial Cigarettes’, and He Has A Point

Quick Read Visa (V) operates at a 65.7% margin and Mastercard (MA) at 59.8%. Capital One earns a 22.9% margin as a card issuer. Americans owe $1.23T in credit card debt to issuers like Capital One with average interest rates exceeding 22%. Cardholders who pay Visa and Mastercard balances in full monthly avoid interest entirely while earning rewards. Investors rethink ‘hands off’ investing and decide to start making real money Dave Ramsey, the personal finance radio host and author, has long compa ...