4 ms·
Seems dumb for the competitor with the smallest userbase to charge the most.
by polski-g 5y ago
Seems dumb for the competitor with the smallest userbase to charge the most.
- rdtwo 5y agoHighest rewards but highest merchant cost. Turned out to be a pretty bad model in the end
- Kadin 5y agoI think Amex's sales pitch to merchants probably revolved around their cardholders being particularly affluent or spendy customers, likely to spend more. In the past they owned a big chunk of the corporate credit card space, so a business catering to business travelers pretty much had to accept Amex.