2 ms·
Taking in 6% and returning 7% rewards doesn't seem profitable, even in volume.
by tedunangst 7y ago
Taking in 6% and returning 7% rewards doesn't seem profitable, even in volume.
- ceejayoz 7y agoIf it attracts enough people who'll carry an interest-bearing balance, the math works out fine. Many of the higher-end rewards cards have annual fees, too - Chase's Sapphire Reserve card is $450/year. Amex's Platinum is $550.