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Message
re: Getting limits increased on a cc
Posted on 3/22/14 at 12:19 pm to PlanoPrivateer
Posted on 3/22/14 at 12:19 pm to PlanoPrivateer
quote:
They still make money every time you use the credit card. The merchant doesn’t get all of the money you charge. The credit card company gets to keep a percentage of each purchase.
This is correct, they're called "swipe fees". If you use the card enough they'd probably be happy to increase the credit limit.
1
Posted on 3/22/14 at 5:27 pm to foshizzle
quote:Add in the fact that I pay off the entire balance every two weeks, I bet they love me.
This is correct, they're called "swipe fees". If you use the card enough they'd probably be happy to increase the credit limit.
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