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Some cards like AMEX Gold/Platinum don't allow you to carry a balance at all, and make most of their money via interchange fees. There is a spread between rewa
by medvezhenok 4y ago
Some cards like AMEX Gold/Platinum don't allow you to carry a balance at all, and make most of their money via interchange fees.
There is a spread between rewards provided and actual fees (fees are closer to 2.5-4%, rewards usually top out around ~2%)