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re: Credit Card Rewards and Points Discussion
Posted on 8/2/17 at 10:52 am to Teddy Ruxpin
Posted on 8/2/17 at 10:52 am to Teddy Ruxpin
quote:Interest definitely pays for cash back. There are so many people that carry huge balances or max out their cards and only pay the minimum payment that it really is pretty ridiculous. I just understand, like most of the posters here, to pay it off and get the cash/rewards.
Ya, I doubt that will happen. Hell, even 2% cash back should technically be a money loser for the CC company. Their interchange fees are probably only going down over time. I guess they are hoping interest charges help them afford the cash back
1
Posted on 8/2/17 at 12:08 pm to MontyFranklyn
The most nuts part to me is they let you pull in $1 incremenTs
People who sit on their rewards because they don't have $21 instead of $25 increments adds up. Don't know rules on reserves to pay out rewards but they can make some extra money on the backend
People who sit on their rewards because they don't have $21 instead of $25 increments adds up. Don't know rules on reserves to pay out rewards but they can make some extra money on the backend
This post was edited on 8/2/17 at 12:10 pm
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