Financial expert Dave Ramsey discussed how banks profit off of credit card debt on “The Ramsey Show.” Ramsey emphasized that banks don’t care if you can afford it; they care if they can profit. He warned against assuming credit approval indicates financial success, sharing bizarre stories of even a deceased pet and fictional character receiving cards. Ramsey and co-host Rachel Cruze criticized Visa and Mastercard for refusing to lower swipe fees for small businesses, highlighting their profit-driven motives. They reminded listeners that obtaining a new credit card doesn’t equate to financial wisdom.

Read more at Yahoo Finance: Debt Is ‘The Most Aggressively Marketed Product’ In History, Says Dave Ramsey, After He Was Offered Klarna Payments For A T-Shirt