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LIBrty4all

Chase Bank Cancels Gen. Flynn’s Credit Cards, Perfect Time To Understand Where The Country Is Headed

By LIBrty4all in Current Events and Hot Social Topics

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LIBrty4all Experienced

LIBrty4all   3,749

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10 hours ago, jg121783 said:

 

Credit card companies make money off you even when you are paying no interest. Most people don't realize they charge merchants transaction fees and that is why they encourage people to use their card for as many transactions as possible with rewards. They aren't just giving you those rewards out of the goodness of their heart.

Not off of us, but off of the merchants.  Sometimes, the merchants will pass those fees back to the customers (local government entities are very good about that).
 

It's sad that today we can make more interest off of CC use than a bank savings account.  

Some good info on the fee structures:  https://www.fool.com/the-ascent/research/average-credit-card-processing-fees-costs-america/

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