this post was submitted on 16 Nov 2024
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Might be my background - lived half my life in a country where credit cards are interest-free for religious purposes - but 10% still seems insane.
I'd never heard of this, how do the banks make any money on the card, annual fees or something?
They already make 2-3% on every purchase
Which is an insane return by itself if people use their cards for everything, as they do in the US.