return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 4 months agoAmericans Are Sharing The "Normal, Everyday" Aspects About The US That Are Actually Dystopian, And I Can't Believe We Tolerate Some Of Thesewww.yahoo.comexternal-linkmessage-square87fedilinkarrow-up1447arrow-down127
arrow-up1420arrow-down1external-linkAmericans Are Sharing The "Normal, Everyday" Aspects About The US That Are Actually Dystopian, And I Can't Believe We Tolerate Some Of Thesewww.yahoo.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 4 months agomessage-square87fedilink
minus-squareOmgpwnies@lemmy.worldlinkfedilinkEnglisharrow-up24arrow-down2·4 months agoFrom 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.
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkarrow-up18·4 months agoThey still make a percentage of each transaction. But it sure isn’t 18% interest
minus-squarenilloclinkfedilinkEnglisharrow-up4·4 months ago18? Ha, it’s closer to 30% for lots of us. They only loads it to the teens for people who aren’t carrying balances.
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.
They still make a percentage of each transaction. But it sure isn’t 18% interest
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.