← Back to context Comment by MengerSponge 5 hours ago There are a few cards that offer 2% cash back with no annual fee. No chance their fee is 1.5-2% 7 comments MengerSponge Reply wccrawford 4 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 4 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 2 hours ago Revenue does not equal profit 1 reply → apparent 4 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. SoftTalker 4 hours ago Why not? I'd gladly pay you 2% of $1,000 if you pay me 21% 1 reply →
wccrawford 4 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 4 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 2 hours ago Revenue does not equal profit 1 reply → apparent 4 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. SoftTalker 4 hours ago Why not? I'd gladly pay you 2% of $1,000 if you pay me 21% 1 reply →
bumby 4 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 2 hours ago Revenue does not equal profit 1 reply →
apparent 4 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. SoftTalker 4 hours ago Why not? I'd gladly pay you 2% of $1,000 if you pay me 21% 1 reply →
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.
Why not? I'd gladly pay you 2% of $1,000 if you pay me 21%
1 reply →