Plastic credit: usury?

Plastic credit, or credit cards, is a financial instrument that allows individuals to borrow money to make purchases and pay it back with interest over time. While it can be argued that credit card interest rates are high, it is not necessarily usury.

Usury typically refers to charging excessive or exorbitant interest rates on loans, often to the point of exploiting vulnerable individuals who have no other options for borrowing money. However, credit card interest rates are typically disclosed upfront, and individuals who use credit cards have the ability to choose whether or not to use them and how much to borrow.

That being said, it is important for individuals to understand the terms and conditions of their credit card agreements and to use credit cards responsibly to avoid incurring high levels of debt. It is also important for credit card companies to be transparent and fair in their practices and to provide clear information about fees, interest rates, and repayment options.