TG -- I think you are correct. People have more credit than they need, deserve, or can use (if sane). I've heard of people using more than 1 0% card to pay off vehicles & buy 'stuff' that would certainly be listed as NOT required. However, nearly all are using them to pay down more expensive debt. The amount of offers I receive weelkly is obscene but good for the rev of the USPS and it gives my shredder something to do. Makes you wonder how it can be down until you look at your money market rates. Besides, no one is going to 'lock in' any LT rates at these levels on anything so those offering credit seem safe. The bank will give you 2% on a LT CD and these cards jump to 7.99% or more. Then there is the rate structure where you may actually get the 8% and your neighbor with the same offer gets 15%. Not bad,,,,,, for the card companies..
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