Chris Hutchins

speaker

980 appearances 2 recordings 2 series first heard Sep 2025 last heard 16 Sep

Chris Hutchins’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

Appearances

newest first · ▶ plays the moment

Something You Should Know · The Secret World of Credit Cards & The Science of Building Unshakable Confidence · 1 Sep 2025 podcast

But practically, I don't think it's very hard to be able to accept lots of different payment methods.

But it might take some work if you set up all of your infrastructure for your company 20 years ago.

I think the combination of those things is definitely true, right?

There is a lot of delinquent credit card debt of people who can't pay their bills and ultimately get charged off.

And so that high interest rate is not just entirely profit for all of these companies.

That high interest rate actually wasn't something that was always there.

So that all started back in the 1970s because there was a cap on all of these interest rates for most states.

And in 1978, there was a Supreme Court ruling that allowed banks to charge the interest rate that was allowed in their state, even if customers lived in states with stricter caps.

So in early days, there were caps on all these interest rates.

And so South Dakota eliminated all of those caps.

And if now if you've ever gotten a credit card in the mail, you'll probably notice that many of them come from credit from South Dakota.

And so Citibank, Wells Fargo, Capital One, they all opened up their credit card centers in South Dakota so that they could charge an amount of interest that would allow them to profitably run these cards.

And Sioux Falls, South Dakota became the credit card capital of the US.

And so historically, those interest rates weren't as high.

But nowadays, for a lot of the reasons I mentioned, they are as high.

do?

from two perspectives, on the earning side, the best cards for an individual person to use are the ones that reward them for the place they spend money.

So if one individual spends all of their spending at a restaurant, there are cards that will earn

two, three, four, five X points on restaurants or two, three, four, 5% cash back at restaurants.

Those are going to be better cards for that person than a card that rewards you for groceries.

Showing 941–960 of 980 · page 48 of 49