[Jetrel]

Yep; tons of credit cards do usurious bait-and-switch stuff like that, under the express hope to make it up on people who have occasional "slippages" where they miss it by one pay period.

The "siren song" on those is the whole "if you're careful you can cancel" trick the users think they're pulling off. They may individually, but not in aggregate.

These cards are often much easier to get approved for.