Capital One’s personal lending is also notorious for targeting the mid-to-low end of credit card customers. They routinely deny people for credit cards if it looks like the applicant pays off their cards in full every month - they love a customer with a credit profile that has no negative marks but with a moderate debt-to-income ratio that means they’ll get those sweet interest payments.
That seems pretty far off from my experience. They offer auto pay, so I have paid the balance on my cc every month since I have had it without ever accruing interest. I haven't be denied other cards from them, balance increases, or anything like that.
It doesn't directly confirm or contradict your statement, but is relevant to the conversation.
I would also like to remind everyone to pay your credit card balance in full every month without fail, or you are giving your credit card issuer boatloads of money just for fun.
Subprime borrowers are categorically unsophisticated. If you look at the transaction data you will frequently see patterns like someone paying the minimum balance for 15 years instead of declaring bankruptcy strategically. The amount of unnecessary interest payment is insane.
