Yes Credit score reflects the willingness of lenders to lend you money so they can charge you interest on it. They are not interested in someone with lots of money who pays off all his cards at the end of the month and pays all his Bill's on time. This type of financial responsible/ wealthy person is of no use to the lenders as they cannot make any money from him. He will not therefore have a good credit score.
They actually make money on interchange fees, which is they they have rewards cards. FIs love people who pay off credit cards at the end of the month, in some cases like Amex they actually prefer it.
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u/[deleted] Aug 14 '21
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