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This isn’t answering your question. However, a friend who worked at a large credit card issuer said their break-even interest rate to support operations was 9.9
by wallflower 6y ago
This isn’t answering your question. However, a friend who worked at a large credit card issuer said their break-even interest rate to support operations was 9.9%. Everything after that was profit.
- CapriciousCptl 6y agoCompletely depends on the default rate. That 9.9% won’t go very far if your default rate doubles or worse.