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547 sats \ 2 replies \ @SimpleStacker 20 Mar \ parent \ on: There Are Two Kinds of Credit Cards econ

Those credit card fees are bank. I think the typical fee is like 2.9%! That's why they go after the rich customers. Imagine skimming 2.9% off everything the rich peoples buy

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153 sats \ 0 replies \ @Undisciplined 20 Mar

That's a really good point. Even for a normal cheapskate like me, they don't need me to carry a balance to make money off of me.

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10 sats \ 0 replies \ @gmd 20 Mar

Yeah unless they all move to the US Bank Smartly 4% card... I don't see how that's sustainable for them, I imagine they'll be nerfing more and more benefits (disable for rent, tax payments, etc)

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