ST Alpha - "Credit card companies lose money on people who pay off their balance monthly. This may be a way to force those folks out. -- nm" (Reading a Post)

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In response to "So, here's a weird credit card anecdote from today." by David

Credit card companies lose money on people who pay off their balance monthly. This may be a way to force those folks out. -- nm

Posted by crash davis (aka crash davis) Apr 21 '20, 21:43

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Responses:

I guess I should add that I do have four different AmEx cards. Maybe they would rather me have less. - David Apr 21, 21:45
I thought you had to pay Amex off every month, you aren't supposed to carry a balance? -- nm - jnine Apr 21, 21:44 7
- That was the case back in our day but AmEx is different due to all these punk Millennials. - David Apr 21, 21:47 5
  - I had a gold card through Fidelity, but they paid the fee and when I used it the money was automatically paid from that account. Unfortunately, - jnine Apr 21, 22:10
  - So you would have gotten away with it if it wasn't for those meddling kids? -- nm - crash davis Apr 21, 21:48 3
    - I think it's more that *they* would have gotten away with it if not for that penny-pinching old guy. -- nm - David Apr 21, 21:50 2
      - I prefer to think of you as haunting an old World's Fair building. Keep an eye out for Great Danes. -- nm - crash davis Apr 21, 21:51 1
        
        Haunting the 1964 World's Fair doesn't seem so bad. -- nm - David Apr 21, 22:42
- You're right, I was thinking Visa and MasterCard. -- nm - crash davis Apr 21, 21:46

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