3-year olds are great Credit Risk

Afterall they have a lifetime to payoff their credit card balance. Now that is even more interesting than the 79.95% interest:

http://money.cnn.com/2011/01/13/pf/credit_cards_for_kids/index.htm?iid=EL

How about 79.9% interest rate?

I thought that 29.95% was hign from Chase but this bank has exceeded all my expectations for a "reasonable" interest rate... Yet 700,000 people signed up for it. Now that is something!

http://money.cnn.com/2011/02/07/pf/credit_card_interest_rate/index.htm