this post was submitted on 25 Jul 2024
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A Boring Dystopia

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[–] [email protected] 22 points 3 months ago (1 children)

From their perspective, they make nothing off of people who don't pay interest or fees. Thus, it only makes sense that the "best" customers are the ones carrying a balance, because they're the ones who generate profits.

[–] [email protected] 18 points 3 months ago (1 children)

They still make a percentage of each transaction. But it sure isn't 18% interest

[–] [email protected] 4 points 3 months ago

18? Ha, it’s closer to 30% for lots of us. They only loads it to the teens for people who aren’t carrying balances.