Are credit cards on the way of disappearing? Well, no…but if they do not get their act together in terms of charging fair and equitable interest rates then they will find themselves in trouble. In a way, when credit card companies charge interest rates that are too high they run the risk of driving away business. (This is where a 0% balance transfer credit cardor 0% credit cards come in handy) While some may feel this is not a logical conclusion the dollars and cents of the business is that people simply will not stick with an outrageously high rate of interest on a credit card when a very low interest rate can be acquired on, say, a home equity line of credit.