Earlier quoted context omitted.
Agreed though "it needs to be below 6th grade reading level" would essentially invalidate every contract/license/agreement ever entered into..
That's usually not an issue if your contract and marketing claims are aligned. Even if the customers didn't you read the contract, they still got the gist of it through the marketing copy and probably won't hit a point where they're really mad about you. Actual trials will also be easier to deal with as you're in good faith. For all the press we get on "frivolous" lawsuits, no average Joe are winning actual stupid su…
However as you point out - credit cards essentially make money from the less financially savvy by design. It's not entirely a bad thing, in a sense.. some people just run out of money between paychecks and need some liquidity.
Credit access vs predatory debt are sometimes in the eye of the beholder and a very fine line.
It also reminds me of some of the "I've been paying my student debt for 10 years and the balance went up!" like.. yeah, but it means you paid less than the interest. Would you have been happier paying more for the last 10 years? Like what outcome were you expecting and what college education did you go into debt for that didn't prepare you to have reviewed your monthly statements even once in 10 years to realize this?