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Oh, yeah, CC companies love it when people carry a balance and pay interest. But they're still making money off of someone like me who pays the full balance of
by nfriedly 3y ago
Oh, yeah, CC companies love it when people carry a balance and pay interest.
But they're still making money off of someone like me who pays the full balance off each month, because when they give me 2% back, they're charging the merchant 5% or more.
It's kind of a heads-they-win, tails-you-loose situation.
- CuriouslyC 3y ago5% processing fees are predatory, and the only people that pay them are mom and pop shops that don't have leverage. Larger merchants are going to be closer to ~1.5%.
- tracker1 3y agoWell, I know I'm getting 5% back on Amazon purchases, so there's some there, there so to speak.