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So why isn't that acceptable? Should he start accruing balances and paying only the minimums just to support the credit card companies? Seems like he is just be

So why isn't that acceptable? Should he start accruing balances and paying only the minimums just to support the credit card companies? Seems like he is just being practical. I've never paid a dime of interest in over 25 years. None of my cards have membership fees. Every couple years, I switch over to which over one gives me the best deal on points.

ggm 6y ago
Not withstanding having been corrected above, I believe his points accrual is funded by chumps. I also pay no fees in my card, and have no points. I dont think my card is spotless either: the product can only work because there is revenue in the system. If its merchant fees we're all paying a non tax impost on purchases which is out of relation to the cost of electronic cash services, and if its the 23% apr its usery.
- robjan 6y ago
  Some of the revenue comes from selling purchasing data about higher net-worth cardholders which is why your MasterCard Black or Visa Infinite tend to come with higher rewards.