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106
Just start your own credit card company (pomf2.lain.la)
posted 1 year ago by GoldenInnosStatue on scored.co (+0 / -0 / +106Score on mirror )
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ReChristianize on scored.co
1 year ago 0 points (+0 / -0 ) 1 child
It doesn't matter what discount you get personally, as long as (((international finance))) gets their 2% or more on your transactions. Which you apparently consider acceptable in return for convenience.

Financing ones enemies is a great way to fail.
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Verfassungsschmutz on scored.co
1 year ago 0 points (+0 / -0 )
Actually, the bank only gets between 1-3% of the total transaction value, plus a very small flat fee per transaction (less than 25 cents). Meanwhile, they're paying me *at least* 1% and up to 5% depending on where I shop, meaning they basically pay me their entire share (and sometimes more) and only make a few pennies each time I use the card.

The only reason this is profitable for them is because they hope that one day I won't be able to pay off my balance in full and then they can assrape me with their 15% APR (or whatever it is currently). Also, because the rewards balance accrues and isn't paid out automatically until I request it, they can make use of that money in the meantime for short term speculation.
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