Quote:
Originally Posted by baddog
If $20k is a monthly payment on a larger balance, perhaps, but if you are just paying the balance every month they don't really need you. You cost them money.
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The bank still makes money on merchant fees. When I got a Visa debit card many years ago the teller was raving about how great it was and how I could charge everything to the credit account without worrying about excess electronic transaction fees... win for the bank because the merchant pays the fees. This was before law was passed that allowed merchants to impose a surcharge for CC payments.