Is Chase losing money due to 5/24?
Aug 17, 2017, 3:21 pm
#1
Original Poster
Join Date: Jun 2012
Posts: 298
Is Chase losing money due to 5/24?
I was just wondering what everyone (MSer's ) thought about this. I know I used to spend tens of thousand of dollars on Chase cards. But since this policy was enacted, I find myself spending only hundreds of dollars on chase cards. I have since moved on to other banks for spending. Or did they stopped the $$$ bleeding of shelling out bonuses where there are now making more money this way.
Aug 17, 2017, 3:29 pm
#2
Join Date: Dec 2010
Location: Indianapolis
Programs: Hilton-Diamond Lifetime Platinum AA UA, WN-CP, SPG Gold.
Posts: 7,377
Other banks are doing the same thing,
If a business lowers its price 10%, it must increase its volume 25% to make the same profit.
Chase decreased their turnover more than 10%, if your spending was real,
Are you now paying cash..or have you noticed the value of your miles has declined..
My money is on the bank..
If a business lowers its price 10%, it must increase its volume 25% to make the same profit.
Chase decreased their turnover more than 10%, if your spending was real,
Are you now paying cash..or have you noticed the value of your miles has declined..
My money is on the bank..
Aug 17, 2017, 7:29 pm
#3
Join Date: Oct 2013
Posts: 1,322
I assume you're using this as an example, not hard-and-fast or even rule of thumb. You'd have to know the original profit margin to solve the equation.
Aug 17, 2017, 8:43 pm
#4
Join Date: Feb 2016
Posts: 826
Other banks are doing the same thing,
If a business lowers its price 10%, it must increase its volume 25% to make the same profit.
Chase decreased their turnover more than 10%, if your spending was real,
Are you now paying cash..or have you noticed the value of your miles has declined..
My money is on the bank..
If a business lowers its price 10%, it must increase its volume 25% to make the same profit.
Chase decreased their turnover more than 10%, if your spending was real,
Are you now paying cash..or have you noticed the value of your miles has declined..
My money is on the bank..
Aug 17, 2017, 10:45 pm
#5
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
Plenty of people still do and with the right cards earn six K points , why did you stop? Got caught without the right mix of cards? PCing to no AF variant would still earn you six K of points.