4 ms·
The ratio depends on the credit card issuer, but often times the rewards are just a fraction of the fees charged. American Express in particular makes more of
by scottLobster 4y ago
The ratio depends on the credit card issuer, but often times the rewards are just a fraction of the fees charged.
American Express in particular makes more of their money from transaction fees and membership fees than interest.
https://www.investopedia.com/articles/markets/012715/how-american-express-makes-its-money.asp https://www.investopedia.com/articles/markets/012715/how-ame...
- crazygringo 4y agoYes, but American Express is very much an outlier and always has been. It's also why many shops don't accept Amex, because it charges higher transaction fees.
- nunez 4y agoAMEX allows you to have a rotating credit line now on those cards.