Should universal default be illegal?

[John Dibble]

Why is it being done at all?  I don't understand the logic behind it.

If you default on a payment, you're a bigger risk to default on your other card's payments, and they would raise your interest rates just as they would if you had missed a payment on their card. I don't see the problem. Charge as much as you can comfortably pay, keep your credit fine, and nothing happens.

And you probably shouldn't have more than a couple credit cards anyways.