Comment by MengerSponge 7 hours ago There are a few cards that offer 2% cash back with no annual fee. No chance their fee is 1.5-2% 8 comments MengerSponge Reply wccrawford 6 hours ago Cards don't make money from their fees. They make money from people who fail to pay and then pay the ridiculous interest. bumby 6 hours ago Interchange fees seem to be a sizable portion of revenue. Discover has listed them as 29% of revenue, BoA at ~$10B annually… drdec 4 hours ago Revenue does not equal profit 1 reply → apparent 6 hours ago Do people who pay ridiculous interest qualify for 2% cards? Honest question; I don't carry a balance so have no idea what is advertised at other types of consumers. fn-mote 1 hour ago What matters is their credit rating, not how much they carry as a balance. (However, that can affect their credit rating.) SoftTalker 6 hours ago Why not? I'd gladly pay you 2% of $1,000 if you pay me 21% 1 reply →
wccrawford 6 hours ago Cards don't make money from their fees. They make money from people who fail to pay and then pay the ridiculous interest. bumby 6 hours ago Interchange fees seem to be a sizable portion of revenue. Discover has listed them as 29% of revenue, BoA at ~$10B annually… drdec 4 hours ago Revenue does not equal profit 1 reply → apparent 6 hours ago Do people who pay ridiculous interest qualify for 2% cards? Honest question; I don't carry a balance so have no idea what is advertised at other types of consumers. fn-mote 1 hour ago What matters is their credit rating, not how much they carry as a balance. (However, that can affect their credit rating.) SoftTalker 6 hours ago Why not? I'd gladly pay you 2% of $1,000 if you pay me 21% 1 reply →
bumby 6 hours ago Interchange fees seem to be a sizable portion of revenue. Discover has listed them as 29% of revenue, BoA at ~$10B annually… drdec 4 hours ago Revenue does not equal profit 1 reply →
apparent 6 hours ago Do people who pay ridiculous interest qualify for 2% cards? Honest question; I don't carry a balance so have no idea what is advertised at other types of consumers. fn-mote 1 hour ago What matters is their credit rating, not how much they carry as a balance. (However, that can affect their credit rating.) SoftTalker 6 hours ago Why not? I'd gladly pay you 2% of $1,000 if you pay me 21% 1 reply →
fn-mote 1 hour ago What matters is their credit rating, not how much they carry as a balance. (However, that can affect their credit rating.)
Cards don't make money from their fees. They make money from people who fail to pay and then pay the ridiculous interest.
Interchange fees seem to be a sizable portion of revenue. Discover has listed them as 29% of revenue, BoA at ~$10B annually…
Revenue does not equal profit
1 reply →
Do people who pay ridiculous interest qualify for 2% cards? Honest question; I don't carry a balance so have no idea what is advertised at other types of consumers.
What matters is their credit rating, not how much they carry as a balance. (However, that can affect their credit rating.)
Why not? I'd gladly pay you 2% of $1,000 if you pay me 21%
1 reply →