FlyerTalk Forums - View Single Post - Are all "points as good as cash" loyalty programs inevitably doomed?
Old Feb 25, 2015 | 12:40 am
  #72  
GUWonder
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Credit card companies is a reference to credit-card-issuing companies.

Amex is a bank holding company, which is what it became to seek out federal government assistance from TARP. It issues credit cards and is thus referred to as a credit card company.

As Discover also got TARP assistance, it should be clear that it was in the banking area too, at that time and thereafter -- whether or not it still issues its own credit cards.

Last edited by GUWonder; Feb 25, 2015 at 1:38 am
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