... pay late or pay the minimum on their credit cards, so that their debt burdens increase and they pay much more in interest and fees. Although credit cards allow consumers to smooth consumption ... use credit cards purely for transacting, while hyperbolic discounters are more likely to use them for borrowing. Also, allowing consumers to choose how much to pay on their credit cards each ... who always wants to start dieting tomorrow, but never today. Prior to the development of credit cards, the difference between rational consumers and hyperbolic discounters was less important,...