Comment on More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says

<- View Parent
bobs_monkey@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

Not exactly. Card benefits come directly from fees charged to merchants, which is why processing fees vary wildly from card to card and the merchant has no clue what their fees are going to be per transaction (though this is starting to change with services like Stripe charging a flat percentage+ transaction fee). Interest and the like are pure profit for CC companies. You as the cardholder receive the benefits even if you carry a balance.

source
Sort:hotnewtop