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Really? Do you know where you can find that information? I'm surprised that Chase does it given the amount they could recoup from their rewards programs.
by gaadd33 10y ago
Really? Do you know where you can find that information? I'm surprised that Chase does it given the amount they could recoup from their rewards programs.
- elastic_church 10y agohttps://www.bloomberg.com/news/articles/2016-12-06/dimon-says-new-card-cuts-profit-by-up-to-300-million-in-quarter https://www.bloomberg.com/news/articles/2016-12-06/dimon-say...
- gaadd33 10y agoUnless I'm reading it wrong it's because of the signup bonus that's worth $1500 in travel not because they charge the lowest card rate and eat the rewards cost
- wheelerwj 10y agoThat doesn't say what you think it says. Every business has expenses that eat into profit. Saying that Chase pays for that out of its own pocket is like saying uber pays for drivers out of its own pocket.