5 ms·

I'm confused how they make money, the free plan has up to 12 new cards a month which seems like a lot. Even on the lower pro plan the cashback can exceed the $1

• dealforager 6y ago
  I'm not sure but what I've read is that they keep part of the fee that usually goes toward rewards or points in other cards. I don't mind this at all because I think they are providing an amazing and much needed service that I've been wanting for years. Their apps and web extensions are also great. Last time I had to cancel a card because some website got hacked it took me weeks to resolve and change it everywhere I needed. I would happily pay let them have all of the rewards to not go through that again. Sorry if I sound like a shill, I swear I have no relationship with them. I just really like the service.
  • hnick 6y ago
    It does look great, I'm not a US citizen so can't use it and the banking landscape is very different over there which could be how they make money like you said.
• PeterisP 6y ago
  Just as any other card issuer, they should be getting something like 1%-2% (depending on location and merchant type and card type) from all purchases as interchange fee from the merchant. Assuming their processing infrastructure is efficient enough, that should cover all the expenses and allow for some profit even for customers with small turnover.