• zqps@sh.itjust.works
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      1 month ago

      Which is an insane return by itself if people use their cards for everything, as they do in the US.

    • AA5B@lemmy.world
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      1 month ago

      That’s a good point - there are transaction fees that could support the business. And we even inflate those with cash back and other rewards

      • MacN'Cheezus@lemmy.todayOP
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        1 month ago

        No, they don’t charge higher transaction fees in order to pay those reward rates, they just give up on making any profit from that and instead try to profit from charging interest. Which of course is disproportionately paid from people who cannot actually afford it.

    • BMTea@lemmy.world
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      1 month ago

      No, we had a flat annual fee for usage. There was a fee for withdrawing cash but no making purchases.