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> Consumers now charge nearly 1 percent of U.S. GDP to Delta’s American Express credit cards alone. $269 billion, if true. Amex normally charges more than othe
by tomcam 3y ago
> Consumers now charge nearly 1 percent of U.S. GDP to Delta’s American Express credit cards alone.
$269 billion, if true. Amex normally charges more than other credit cards. Let’s say 4%, so they’d gross $10 billion in fees. That’s… that’s a whole lot of money for a single card.
- Schiendelman 3y agoKeep in mind that the $10B in fees isn't profit - some half of that goes to Delta as miles for the users, and some proportion of it actually keeps the network operating.
- tomcam 3y agoAgreed; that's why I said gross
- okaybutno 3y ago[dead]