FlyerTalk Forums - View Single Post - Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Old Dec 23, 2010 | 8:03 pm
  #12021  
deant
 
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
Originally Posted by jamesteroh
But why would chase care in this case? It can't be costing them that much to run the coins through their counter, yeah it will cost them something but it has to be a LOT less than the money they are making on the cc transaction fees.
The issue is that the CC division and the banking division are separate entities and report profits to corporate as separate entities.

Just because the CC division makes money does not mean the bank division is happy when they "lose" money taking in the coins.
deant is offline