Current Events > Do banks hate it when you pay your credit card bills on time?

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St0rmFury 08/15/21 6:45:30 AM #1:	Since they can't make money off you being late. --- "Average Joe" is a trolling term since it's completely an opinion. "Overachieving" is also an opinion. - SBAllen (Hellhole: 52458377) <cite>St0rmFury posted [p:957101916] in Do banks h... [t:79614704]...</cite> <quote>Since they can't make money off you being late.</quote> ... Copied to Clipboard!
Squall28 08/15/21 6:49:39 AM #2:	They still make money off merchant fees --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:957101947] in Do banks h... [t:79614704]...</cite> <quote>They still make money off merchant fees </quote> ... Copied to Clipboard!
uwnim 08/15/21 7:40:02 AM #3:	No. They make money from transaction fees. If your use your card regularly, you are reliable income with very little risk. Folks who constantly carry a balance can provide more income but also provide more risk. And folks who use cards only for like emergencies or big purchases they need now but dont have the cash in hand for provide erratic income. --- I want a pet Lavos Spawn. [Order of the Cetaceans: Phocoena dioptrica] <cite>uwnim posted [p:957102388] in Do banks h... [t:79614704]...</cite> <quote>No. They make money from transaction fees. If your use your card regularly, you are reliable income with very little risk. Folks who constantly carry a balance can provide more income but also provide more risk. And folks who use cards only for like emergencies or big purchases they need now but dont have the cash in hand for provide erratic income. </quote> ... Copied to Clipboard!
St0rmFury 08/15/21 7:53:29 AM #4:	uwnim posted... No. They make money from transaction fees. If your use your card regularly, you are reliable income with very little risk. Folks who constantly carry a balance can provide more income but also provide more risk. And folks who use cards only for like emergencies or big purchases they need now but dont have the cash in hand for provide erratic income. That makes sense. --- "Average Joe" is a trolling term since it's completely an opinion. "Overachieving" is also an opinion. - SBAllen (Hellhole: 52458377) <cite>St0rmFury posted [p:957102494] in Do banks h... [t:79614704]...</cite> <quote>uwnim posted...</cite> <quote>No. They make money from transaction fees. If your use your card regularly, you are reliable income with very little risk. Folks who constantly carry a balance can provide more income but also provide more risk. And folks who use cards only for like emergencies or big purchases they need now but dont have the cash in hand for provide erratic income. </quote> That makes sense.</quote> ... Copied to Clipboard!
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