Uber REBa36

They get away with it because people are stupid

May 25, 2021 11 0
PayPal mtdE75

Wow y’all really are stupid.

- Many (most in some card portfolios) customers don’t carry a balance and incur those interest fees
- CAC / marketing
- Losses on non-performing loans / defaults (in language you’d understand: losses from customers who don’t pay what they owe)
- Regulatory overhead - someone has to pay all the lawyers, compliance, and risk folks monitoring these portfolios.

May 25, 2021 5 3
- Google stonkey
  
  And CCARs by expensive consultants!
  
  May 25, 2021 1
- PayPal mtdE75
  
  So true lol
  
  May 25, 2021 1
Facebook OYy5yUh7

So they can make money obviously lol why do banks do anything?

May 25, 2021 6 0
Verizon Media apono

They take risks. Many credit card users like me don’t pay a cent of interest but keep getting bonus.

May 25, 2021 4 2
- Microsoft Zirs
  
  They make money from selling your spending data
  
  May 25, 2021 0
- Microsoft ghk357
  
  Also they charge 2-4% at POS. This cost eventually get added to the cost of the goods.
  
  May 26, 2021 1
Mattel Hasbr0

Capitalism 101 (I ain’t complaining though) … Also TC, YOE :)

May 25, 2021 4 0

blind

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