Email from MBNA AOPA
Ron Natalie wrote:
kontiki wrote:
Those points you earn from a credit card company is just a small
'kickback' they use as incentive to get you to buy stuff with a
credit card... so they can skim 3 - 5% off the top of every sale.
Yeah, but that's not where the real profits come from. The real
profits are from the usurious interest rates and fees charged to
those who don't pay the bill off completely each month.
Again, fees charged to someone other than me that I benefit from (i.e.
I get the rebates but don't pay the interest fees). I'm also fine with
that.
-Robert
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