Losing money in its time-value. Gotcha. Edit: I thought they still made money of... | Hacker News

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Aaronontheweb on June 25, 2010 | parent | context | favorite | on: Credit card company rejects customers with too-goo...

Losing money in its time-value. Gotcha.

Edit: I thought they still made money off of the vendor fees though?

ars on June 25, 2010 [–]

They do yes. Between 0.5% and 3%.

It costs them some money to process an account though, send bills, handle payments etc. If someone is charging reasonably frequently then they are still profitable.

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